Take-up

Take-up in Aberdeen during Q1–Q3 2025 totalled 233,713 sq ft and was achieved through 51 transactions completed, 2% higher than the Q1–Q3 five-year average. Take-up was 11% higher than the same period in 2024, and also 3% higher than the five-year average. There were three transactions over 20,000 sq ft in Q1–Q3 2025, two more than the five-year Q1–Q3 average.

Grade A take-up during Q1–Q3 totalled 99,717 sq ft, and was achieved through six transactions. This was the highest Q1–Q3 Grade A take-up since 2022, and accounted for 43% of the overall take-up total.

Supply

Total availability at the end of Q3 in Aberdeen totals 1.65 million sq ft, an increase of 3% on the previous quarter. This means that the overall vacancy rate has also increased by 40 basis points (bps) to 15.9%; however, this is still below the long-term average vacancy rate of 23.4%.

Grade A availability has remained the same and stands at 176,658 sq ft, meaning the vacancy rate has also not moved and remains at 1.7%, 144% lower than the five-year average vacancy rate of 4.2%.

Take-up by business sector

The most active sector in Q1–Q3 2025 was the 'Property Company, Development & Construction' sector, which leased a combined total of 102,386 sq ft, therefore accounting for 44% of the total. The total was achieved through six transactions, with Altrad Integrity Services acquiring the largest of the year so far at The Apex, for a total of 70,415 sq ft. There was a notable purchase in the sector, which was acquired in Q1 by CHAP (Holdings), which leased 24,152 sq ft at Pavilion 2, Aspect 32.

Another active sector was the 'Professional' sector, with a combined total of 41,811 sq ft leased, achieved through nine transactions and accounting for 18% of the total. Worley acquired the largest of the transactions at 16 North Esplanade West for a total of 20,972 sq ft.

Rents

There was no change in the prime rent in year-to-date 2025, with headline rent remaining at £32.50 per sq ft. With a continued constrained supply of best-in-class space in Aberdeen and no new development, Savills is predicting that there will be significant rental growth in the next five years, with the most recent forecasts projecting a 2% increase to £33.00 per sq ft by the end of 2025, and further rental growth of 8% to £35.00 per sq ft expected by the end of 2029.

Find out more about Aberdeen's property market here.

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