Aberdeen office market sees biggest boost as demand surges 78%

The increase has been driven largely by demand from the extraction and utilities sector, with businesses seeking high-quality office space across the city.

The latest figures are 115% above the five-year average and 89% higher than the 10-year average for the first half of the year.

The largest deal recorded was a 103,536 sq ft letting to Petrofac Facilities Management Ltd at Caledonia House in Prime Four Business Park, Kingswells.

While the overall number of transactions fell slightly, the average deal size more than doubled to 4,232 sq ft.

Grade A office space accounted for 63% of total take-up, with 181,517 sq ft of top-tier offices leased, the highest volume of Grade A office deals recorded in Aberdeen since 2015.

Despite the rise in activity, office availability increased slightly during the first half of 2026 to 1.84 million sq ft.

The city’s vacancy rate now stands at 17.8% , although this remains below the long-term average.

Savills said the market continues to face challenges but added that recent deals highlight ongoing demand for high-quality fitted office space, particularly in out-of-town locations.

Dan Smith, head of office in Aberdeen and office agency director at Savills, said: "Whilst the half year take up figures present a positive picture for Aberdeen, the stats are buoyed by a number of larger deals which skew the figures somewhat."

"The overall market remains challenging, but the deals which have been done show continued demand for best in class fitted space, particularly in the out of town market.

"We are aware of a number of additional deals in legals, so the strong demand looks set to continue into the second half of the year, and we would expect full-year take-up to be considerably higher than last year, and also the five year average for the city."