Aberdeen office market round-up
Take-up in the first three quarters of 2026 was highest since 2015
Take-up in Aberdeen during Q3 2026 totalled 37,106 sq ft, and was achieved through 11 transactions. This brought total take-up for Q1–Q3 2026 to 326,801 sq ft, the highest first three quarters of the year since 2015. Take-up was 40% above the same period in 2025, 48% above the five-year average and 37% above the ten-year average.
Grade A take-up in Q1–Q3 totalled 181,517 sq ft and accounted for 63% of the total. Take-up was 82% higher than the same period in 2025 and also 122% higher than the five-year Q1–Q3 average. There were a total of seven Grade A deals in Q1–Q3, on par with the five-year average, with three of these over 20,000 sq ft.
Availability decreases marginally
Availability in Aberdeen at the end of Q3 2026 totals 1.82 million sq ft, a decrease of 1% on the previous quarter. This means that the overall vacancy rate has decreased by 10 basis points (bps) to 10.7%.
Grade A availability at the end of Q3 totals 296,361 sq ft, an increase of 36% on the previous quarter. Subsequently, this means that the Grade A vacancy rate has increased by 80 bps to 2.86%; however, this is still well below the five-year annual average Grade A vacancy rate of 3.69%.
Extraction & utilities dominate the market
The most active sector during the first three quarters of the year was the ‘Extraction & utilities’ sector, leasing a total of 225,089 sq ft and accounting for 69% of the total take-up. There were 13 transactions for the sector, with Petrofac Facilities Management Ltd acquiring the largest of the sector and the year so far at Caledonia House, Prime Four Business Park for a total of 103,536 sq ft. There were also four transactions in the sector over 25,000 sq ft.
Also active during Q1–Q3 2026 was the ‘Professional’ sector, leasing 22,783 sq ft across four transactions. The sector accounted for 7% of total take-up, with Elemental Energies Holdings Ltd acquiring the largest transaction of the sector for a total of 9,145 sq ft at Prospect Road, Westhill.
The first three quarters of 2026 have demonstrated the market's resilience to external pressures.
Dan Smith, Director, Head of Office, Business Space Aberdeen
Headline rent
There was no change in the prime rent in the first nine months of 2026, 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 3% increase to £33.50 per sq ft by the end of 2026, and further rental growth of 11% to £36 per sq ft expected by the end of 2030.
Find out more about Aberdeen's property market here.
Interested in other areas of the UK?
View all of our latest Q3 2026 Office Market Overview research here.