David Cobban

Demand for new, high-end, sustainable office space accounted for 35 per cent of legal sector lettings in 2024, the highest proportion since 2019 and significantly higher than the five-year long-term average of 19 per cent.

In Glasgow, law firms are making notable moves and expansions, highlighting the city’s growing role as a legal hub. Firms like Dentons and Pinsent Masons are consolidating their operations in Glasgow, drawn by its strategic location, competitive costs and robust business environment. Most recently, Weightmans has moved into the top floor of the Ink Building increasing its occupation to 4,520 sq ft, whilst TLT and Addleshaw Goddards expansion plans have seen the firms look to significantly grow their footprints in the city.

David Cobban, head of Savills Glasgow office and director in the office agency team, said: “We are continuing to see occupier activity from the legal sector in Glasgow as they look to take advantage of the city’s skilled workforce and dynamic market. Alongside TLT, Pinsent Masons has taken prime space in Aurora at 120 Bothwell Street, with further requirements from other firms looking for top quality office accommodation in 2025.”

Lease expiry data from Savills suggests that strong activity in the sector will continue over the next five years. At present, legal lease events in regional cities are currently tracking at 22 per cent above the long-term annual average.

Mr Cobban added: “Looking at Savills data, the average five year take-up for the city currently has rebased and stands at 420,000 sq ft, suggesting there is less than one year’s worth of supply in the market for the right type of space. This will see legal firms compete with both growth and traditional sectors to secure a dwindling supply of better quality offices to grow their regional presence.”

Emma Morton, global occupier services director, added: “Firms are increasingly investing in high-quality and sustainable office spaces and paying headline rents to secure premium locations that reflect their brand and meet employee expectations. However, this rapid expansion across regional cities is putting pressure on the availability of quality office space.

“With only 1.6 million sq ft under construction across the Big 6 markets over the next three years, and 29 per cent of that space already pre-let, the development pipeline is limited. This shortfall means that firms facing upcoming lease expiries may need to begin their search for new spaces earlier than ever before, as securing suitable, modern premises becomes increasingly competitive.”