Office take-up in Aberdeen ticked up again in the third quarter of 2026, as the Granite City remained on track to register its best year for deal activity of the decade so far, according to new figures from Knight Frank.
The independent commercial property consultancy’s analysis found that there was 326,801 sq. ft. of office take-up in the first nine months of the year – up 44% on the 227,000 sq. ft. transacted during the same period in 2025. It was also more than last year’s total of 280,000 sq. ft.
A further 37,106 sq. ft. of take-up was recorded across 11 deals during the third quarter, following Aberdeen’s best first half of a year since 2019. Deals completed in the last three months included the sale of 4 Carden Terrace, which was acquired for alternative use.
Take-up in 2026 has been buoyed by CB&I Asset Solutions taking more than 100,000 sq. ft. at Caledonia House at Prime Four Business Park in Kingswells – the largest office transaction in Aberdeen since Total’s relocation to Westhill in 2017. Knight Frank represented CB&I Asset Solutions on the deal.
Matt Park, partner at Knight Frank Aberdeen, said: “Activity in Aberdeen’s office market was more subdued in the third quarter – but that was to be expected after a surge in deal activity during the first half of the year, led by CB&I Asset Solutions taking 100,000 sq. ft. at Prime Four Business Park.
“Even so, the city’s fundamentals remain encouraging. Tenants are still prioritising high‑quality, ready‑to‑occupy space that offers simplicity and cost certainty. Availability of new Grade A space remains under pressure, which we expect to lead to a new headline rent being set in Aberdeen during the remainder of this year.
“High-quality, fully fitted and well-presented space remains attractive across the city’s office market. Given the level of active requirements, we hope to see momentum build again in Aberdeen towards the end of the year and for that to continue into 2027.”