Major boost for three Scottish cities amid woe and BP exit
Positive news for three of Scotland’s cities in recent days is all the more heartening given the undoubtedly challenging UK economic backdrop.
Of course, there have been plenty of bright spots across Scotland’s economy during what has been a particularly difficult time since the global financial crisis took a lurch for the worse nearly 18 years ago now, in the autumn of 2008.
As well as the hammer-blow from the financial crisis, we have also had the Conservatives’ disastrous austerity policies, the coronavirus pandemic and an extremely foolish hard Brexit.
So this has been a period where it has seemed more important than ever to properly recognise the positives, where they exist.
And especially so given the doomsaying that some people in Scotland seem to prefer, often, it seems, linked to personal political ideologies.
Glasgow had a particularly slow recovery from the plunge in footfall arising from the coronavirus pandemic.
In recent times, the city has once again been bustling. And this has not needed the hardline approach to returning to the office advocated by some people who have become bizarrely entrenched on this issue.
The office market in Glasgow, amid the continuation of hybrid working at many employers, looks to be in fine fettle, a happy situation evident in figures published on Monday by real estate services company CBRE.
Edinburgh did not face anything like the same challenges post-pandemic as Glasgow, particularly because of the Scottish capital’s huge popularity as a destination for international visitors, some with relatively large budgets.
That said, it is great to see both of Scotland’s two biggest cities outperforming what CBRE describes as the UK’s “regional office markets”.
CBRE’s research revealed that Glasgow’s office market has this year recorded its strongest first........
