Ryden grows market share
15 March 2011
Despite a difficult economic backdrop, Ryden has grown market share by over 4% during 2010 after handling around a quarter (23%) of all the commercial property deals done in Scotland last year.
With 436 deals under its belt, the firm transacted on hundreds more properties than its closest competitor - which claimed 12% of the market last year - and has been identified as the most active commercial agent in the country for the tenth time following independent research on deals by Estates Gazette Interactive.
Ryden was involved in 31% ofScotland’s offices deals last year, and 40% of the country’s industrial deals.
In Edinburgh, the firm was behind almost half of all industrial deals (48%) and nearly a quarter (23%) of office deals, one of which was the 16,912 sq ft letting of the whole of Verity House to COSLA.
Ryden handled over a quarter of all deals in Glasgow, including the largest offices transaction in the city - the 77,000sq ft disposal of Clarion on Wellington Street to NFUM. Overall, the firm was responsible for 35% of the city’s offices deals and 40% of the industrial deals.
In Aberdeen, Ryden transacted around a third (32%) of all property deals last year. The firm’s share of the Granite City’s offices market was just under half, at 47%, and its industrial market share was 40%.
2011 got off to a strong start, with Ryden behind the highest profile deal in the country at iQ in Aberdeen, where energy giant Centrica set a Scottish record rental level of £31 per sq ft after taking the top three floors of the 125,000 sq ft at the speculative office development.
Managing partner Fiona Morton said that the figures were “gratifying and a reflection of how hard people at Ryden are working to achieve results for clients”.
