Latest Flex Office Market Insights: London Flexible Office Space Report - January 2024

How Much Does it Cost to Rent Office Space in Scotland?

How Much Does it Cost to Rent Office Space in Scotland?

Compare prices on office space and coworking desks across Glasgow, Edinburgh & Aberdeen in Scotland.

Q1 2024 Market Summary

After hitting the breaks in the second half of 2023, the Scottish economy has shown to be more resilient than previously anticipated. This resilience combined with higher demand has led to 2.3% increase in desk rates to £307 per desk from their long term average of £300 at start of the year. Despite the promising year so far, ongoing inflation combined with any potential job losses could mean that these rates may yet be tested if demand falls.

Office Space Capacity Trends in Scotland - March 31, 2024

Finding a New office is Easier than Ever

When it comes to selecting an office space for your business, the decision is not one to take lightly. Whether you're in search of a private or shared workspace environment located near Glasgow's bustling city centre - or somewhere more low-key on its outskirts – there are many factors that come into play when deciding just where and how much you pay each month per person.

Fortunately, Rubberdesk can make this process easier by providing businesses with up-to-date availability and pricing data so they can compare different locations based on their budget needs. With hundreds of turnkey offices available nationwide for teams under 50 people, let us help make finding the perfect home base effortless!

At a macro level, the median desk rental price across Scotland is £307 for a private office and £250 for a coworking desk in a shared space.

Median Office Rate Per Person Median Coworking Desk Rate Flex Floorspace Available (sqm) Available Desk Capacity
£307 £250 72,200 1,442
Prices and availability effective March 31, 2024

Source Rubberdesk. All prices shown exclude discounts and offers. Talk to us about the latest offers available.

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About Scotland's Flex Office Market

It's Starts with Location

Whether your business is located in Glasgow, Edinburgh, or Aberdeen, you'll likely find rents for office space to be higher in the city's central business district than others outside city limits. While an office in Glasgow's CBD is a bargain compared to rents in Central London, savvy firms can still snag sought-after office space - with potential savings running into thousands per month by comparing rates across all regions.

When it comes to Scotland, businesses in Aberdeen can expect to pay a median rate of £300 per desk while those in Glasgow and Edinburgh will find options available for a median rate of £320 per desk per month.

Cost of Flexible Office Space in Scotland - March 31, 2024

Fixed vs Flexible Terms

Long-term commercial rental agreements have, until recently, forced companies to sign away 5-10 year commitments with no room for growth or contraction - potentially ill-fitting the needs of their business. Recent years however have highlighted just how quickly circumstances can change and short-term leases are now being seen as a viable option that keeps businesses agile in uncertain times.

In the past, businesses were tethered to long-term leases for office spaces. But with today's dynamic startup culture and advances in coworking services, now you can commit as much or little time as needed based on your own plans and requirements! Whether it be a year-at-once or month-to-month agreement-- companies of all sizes have freedom when creating their strategic space occupancy plan. No matter how uncertain things may seem right now-- there are options available to fit any size business needs without having them take too big of a risk.

Monthly vs Yearly Terms

Need office space fast? Flexible workspaces are the way to go. Forget hefty upfront costs and long-term bonds – you can choose between month-to-month or a yearlong commitment with discounts up to 40%. Now, there's never been a better time - this is your chance for savings as companies entice us back post-pandemic.

Fully Managed vs Commercial Office Space

The flexible and serviced office market has come a long way since its inception, providing businesses with various choices for their needs. Fully managed operators offer all-inclusive packages including desks, chairs, and even showers at an affordable cost - perfect if you want to quickly settle in without the hassle of extra costs or lengthy commitments. On the other hand, commercial office space often requires longer leases but comes with additional perks such as access to dedicated lobbies that could add value when entertaining clients. Choose wisely!

Private Office vs Coworking

Though most coworking spaces offer single desks in open-plan settings, the majority of flex space available is private and fully serviced. To accommodate this heightened need for individualized office spaces due to remote work demands, small offices with fewer than 10 people represent 59% of all options - signifying a shift towards additional privacy within these workspaces.

Flexible Office Space Capacity in Scotland - March 31, 2024

Though larger offices of 50-plus people are limited, they represent 24% of all available floor space. Depending on where demand sits moving forward, these larger offices of course could be carved into smaller spaces like we've seen over the past year (as the percentage of larger offices fell from 6 to 3%) emphasizing the flexibility of modern office space in this sector.

How do you Calculate the Cost of Office Space?

For traditional office leasing, rent is calculated based on the annualised price per square foot and multiplied by the size of the space to give a net annual rent. On top of the rent, there are also outgoings and taxes which must also be paid by the tenant. For a prime city office 800 sq. ft. unit with a £45 sq. ft. net rent, the monthly rent for an office in Glasgow's city centre comes out to £,3,000 per month (800 x £45 / 12 + VAT), on top of which are outgoings for building management, electricity, Internet, etc, which are not always fixed.

By contrast, the flexible office space calculation is much simpler and typically based on the desk capacity of the office. If for example, each desk in a private office costs £425 per person, the cost for a 6-person office is simply £2,550 (£425 x 6 = £2,550 per month + VAT). Flexible office rental typically includes credits towards meeting rooms and printing facilities, but for heavy users of either, there are options to have these services included. Of course, in addition to the office space and desks comes access to common areas such as kitchens, meeting rooms, washrooms, and other amenities such as showers and even secure bike racks.

When you rent a traditional office, the fit-out and amenities don't come free - plus chances are good that it includes extra space that your business may not need. With flexible workspaces, however, there's no overpayment: just an economical chance to get only what your team really needs while enjoying all sorts of extras which could previously have been too expensive or limited in scope.

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How Much Does Flexible Office Space Cost by Office Size?

Office rental costs depend on a variety of factors like location, amenities, nearby transport links, and economic trends. Comparing office spaces regionally provides an insight into market prices - however, these can shift quickly depending on supply and demand. To ensure you are getting the most competitive deal use experts such as Rubberdesk who work hard to find your perfect workspace at the best possible value!

Cost of Flexible Office Space in Scotland by Size - March 31, 2024

Scotland Serviced Office Operators

Like many services in business, office space comes in many different varieties often defined by location, quality of the building, and amenities. At the affordable end, Citibase provides cost-effective offices in Aberdeen and Edinburgh at a rate of £320 per desk per month for teams of 1 to 50 while Orega Serviced Offices offers great rates for offices for small and medium-sized teams at a median rate of £279 per desk. On the top end, businesses will find more limited options for higher quality offices from Landmark Space and WeWork at a rate of £500 and £545 respectively.

Cost of Flexible Office Space in Scotland by Operator - March 31, 2024

When it comes to selecting an office operator, diving into the features won't always give you a good sense of their vibe. Take WeWork and Regus (IWG) for example; while one may be chill with a casual atmosphere, the other could have a more traditional corporate flair. To truly get acquainted with your options we recommend taking some time out of your day to tour each space and find which works best for you!

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Clockwise Offices Glasgow

Glasgow's Office Space Summary

When it comes to serviced office space in Glasgow, you'll find options for all budgets with a median rate of £320 per desk per month. For solopreneurs or those just looking for a temporary desk, rates are very competitive at £175 per desk.

Median Office Rate Per Person Median Coworking Desk Rate Flex Floorspace Available (sq. ft.) Available Desk Capacity
£320 £175 19,800 396
Prices and availability effective March 31, 2024

Despite a 32% increase in office supply, the price of office space in Glasgow remained flat to close the quarter at £320 per desk. Due to ongoing supply constraints, we expect prices to remain flat throughout the rest of the year.

Office Space Price Trends in Glasgow - March 31, 2024

Cost of Glasgow Office Space by Office Size

Glasgow is home to many serviced office providers, like Clockwise and Orega who offer fully-furnished spaces for entrepreneurs looking to grow their businesses. There's also My Workspace with cost-effective solutions that provide productive workspaces along with business support services. No matter the size of your company or ambition, Glasgow has an innovative solution at hand!

As Scotland's largest city, you'll find more options in Glasgow than in other cities for everything from a larger office for £320 per desk for teams of 1-10 people to smaller offices for 16-25 people at £357 per desk.

City 1-4 Desks 5-10 Desks 11-15 Desks 16-25 Desks 26-50 Desks 50+ Desks
Glasgow £320 £320 £331 £349 £357 n/a

Available Office Space in Glasgow, Scotland

Hatrack Building 144 St Vincent Street Glasgow, G2

Up to 8 people
Private Offices

120 Bothwell Street Glasgow, G2

Up to 12 people
Private Offices

2 West Regent Street Glasgow, G2

Up to 40 people
Private Offices

120 Bothwell Street Glasgow, G2

Up to 25 people
Private Offices

77 Renfrew Street Glasgow, G2

Up to 3 people
Private Offices

120 Bothwell Street Glasgow, G2

Up to 28 people
Private Offices

WeWork 80 George Street Edinburgh

Edinburgh's Office Space Summary

As the least expensive city in Scotland to rent office space, the median rate to rent a desk on a flexible term of 1 month to 24 months is £258 per desk while a coworking desk in Edinburgh starts at a higher price of £250 per desk.

Median Office Rate Per Person Median Coworking Desk Rate Flex Floorspace Available (sq. ft.) Available Desk Capacity
£320 £270 28,050 561
Prices and availability effective March 31, 2024

The cost to rent office space in Edinburgh has remained relatively strong , growing 7% from the end of Q4 to a median rate of £320 per desk per month.

Office Space Office Price Trends in Edinburgh - March 31, 2024

Cost of Edinburgh Office Space by Office Size

Edinburgh is a burgeoning business hub, and Citibase, Office Space in Town and Landmark Space are three serviced office providers that have stepped up to the challenge. Each offers flexible working solutions, with fully-furnished private offices as well as co-working spaces for individuals or teams of any size. Meeting rooms provide an ideal environment for presentations and networking events while virtual offices keep things professional without committing you to physical space. All three hosts can meet the needs of small businesses looking for an office for 11-15 staff at a median rate of £209 to larger businesses looking for an office for up to 50 staff at a rate of £542 per desk; from established companies to eager entrepreneurs just starting out!

City 1-4 Desks 5-10 Desks 11-15 Desks 16-25 Desks 26-50 Desks 50+ Desks
Edinburgh £320 £320 £209 £325 £200 £527

Available Office Space in Edinburgh, Scotland

Citibase, One Saint Colme Street Edinburgh, EH3

Up to 7 people
Private Offices

80 George Street Edinburgh, EH2

Up to 29 people
Private Offices

Citibase, One Saint Colme Street Edinburgh, EH3

Up to 4 people
Private Offices

80 George Street Edinburgh, EH2

Up to 10 people
Private Offices

80 George Street Edinburgh, EH2

Up to 19 people
Private Offices

80 George Street Edinburgh, EH2

Up to 4 people
Private Offices

Citibase 9 Queen's Road Aberdeen

Aberdeen's Office Space Summary

Despite Aberdeen's current economic downturn, serviced office space providers Citibase and Neo Space are offering businesses an affordable way to stay agile. Businesses of any size can take full advantage of the flexibility these spaces provide with fully-furnished offices and meeting rooms plus virtual services at a cost that won't break the bank. Start-ups or entrepreneurs unwilling to sacrifice quality will find their perfect professional workspace amidst challenging times starting at £300 per desk - providing them just what they need for success! For solopreneurs, these same providers offer coworking desks at a median rate of £150 per hot desk.

Median Office Rate Per Person Median Coworking Desk Rate Flex Floorspace Available (sq. ft.) Available Desk Capacity
£300 £150 24,250 485
Prices and availability effective March 31, 2024

Despite a few small fluctuations over the past two years, the desk rate to rent an office in Aberdeen has remained relatively stable at £300 per desk per month.

Office Space Office Price Trends in Aberdeen - March 31, 2024

Cost of Aberdeen Office Space by Office Size

Whether your business needs an office for 10 desks or up to 50, you'll find over 40 offices in Aberdeen to meet your needs ranging in price from £175 to £300.

City 1-4 Desks 5-10 Desks 11-15 Desks 16-25 Desks 26-50 Desks 50+ Desks
Aberdeen £300 £300 £300 £175 £258 £240

Available Office Space in Aberdeen

Riverside Drive Aberdeen, AB11

Up to 8 people
Private Offices

The Capitol Building 431 Union Street Aberdeen, AB11

Up to 4 people
Private Offices

Royfold House, Hill of Rubislaw Aberdeen, AB15

Up to 10 people
Private Offices

Riverside Drive Aberdeen, AB11

Up to 7 people
Private Offices

The Capitol Building 431 Union Street Aberdeen, AB11

Up to 3 people
Private Offices

2nd Floor, H1 Hill of Rubislaw Anderson Dr Aberdeen, AB15

Up to 12 people
Private Offices

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