Edinburgh’s city centre’s office rent prices are likely to exceed £35 per square foot this year as a lack of supply will continue to drive up costs for the capital’s businesses, according to property advisor Savills.
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The Vitality Index, which provides a comprehensive assessment of the health of UK cities and towns, ranked Scotland’s capital as the UK city with the best prospects for economic growth in the upcoming year.
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Planning permission has been granted for a new city-centre neighbourhood in central Glasgow, Scotland’s largest built-to-rent scheme to date.
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According to the latest Business Barometer from Lloyds Bank Commercial Banking, overall business confidence - measured as an average of economic optimism and business prospects, - remains unchanged at 29% in July.
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