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Article: Business is good at Edinburgh Park as more firms move in
- Article from:
- Evening News - Scotland
- Article date:
- November 1, 2008
- Author:
CopyrightCopyright 2008 Evening News - Scotland. Provided by ProQuest LLC. (Hide copyright information)
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EDINBURGH Park has seen a big increase in new business as
companies look to save money by moving into cheaper office space.
The vacancy rate at Scotland's biggest business park has fallen
from 26 per cent only around three years ago to 12 per cent now.
It is expected that the rate will fall even further - to ten per
cent - before the end of the year.
Agents attribute the rising demand for offices on the park to its
average rental price - which is a third lower than equivalent space
in the city centre - giving companies a means of reducing costs in
tough times.
New accounts posted at Companies House also reveal that park
owner New Edinburgh Limited (NEL) surged into the black.
In the ...