The Edinburgh office property is being built on site of the former Bank of Scotland Computer Centre on Robertson Avenue, EH11. CityWest’s edge of town location provides easy arterial road access to Edinburgh Airport, while being only 1.7 miles south-west of Edinburgh city centre and just over a mile from Haymarket Railway Station.
The speculative office space to rent in Edinburgh will form part of a mixed-use scheme that J Smart & Co has envisaged for the Scottish Capital. The overall development will incorporate 88 residential units for sale. CityWest has been designed to provide five levels of versatile floor plates ranging from 2,000sq ft up to 7,000 sq ft in size.
The Grade-A office rental will feature an impressive double-height entrance lobby, with terraced balconies, floor to ceiling glazing on the upper levels and 20 secure parking spaces. HAA Design has been appointed as interior design consultants to achieve a high specification throughout the reception and common part areas of the Edinburgh office rental.
Research from the Ryden agency indicates that during 2012/13 there will be a high level of leases expiring. As this batch of leases comes up for negotiation, tenants will be keen to offload space within out-moded commercial buildings rather than be tied to historic Edinburgh office leases at now inflated rents. This will increase in the number of occupiers for new office space to let.
With development now underway, David Smart, of J Smart & Co announced that: “We are pleased to bring CityWest, to the market...We look forward to what will be one of the few completions of a speculative office building in 2012.”
Ryden’s Hamish Sutherland noted that this has meant that “J Smart & Co’s development is therefore welcome news for the Edinburgh office market,” as CityWest is scheduled for completion by the end of next year.
Sutherland continued that “there is a lack of speculative development coming forward which, combined with continued take up of new build city centre stock, suggests that the market is close to an under-supply in late 2012 onwards.”
The joint marketing agents are seeking good quality leasehold tenants for large office suites within the building, while investment proposals to purchase the entire building will also be considered.