Insights on West Lothian’s Commercial Property Market: Graeme Pollock’s Analysis

In a time of uncertainty and economic challenges, Graeme Pollock, director and head of West Lothian Agency at DM Hall Chartered Surveyors, provides a glimmer of hope for the commercial property market in the West Lothian region of Scotland.

Despite the slowdown in commercial property investment volumes across Scotland in recent years, there is cautious optimism brewing in West Lothian. Pollock sheds light on the potential for growth in the region, citing the strategic location ideal for logistics operations as a key driver of economic activity.

With a focus on industries like logistics, distribution, and repurposing of older industrial spaces, West Lothian has seen steady growth in rents for industrial premises, a buoyant industrial unit base, and low vacancy rates. The region’s emphasis on distribution as a key economic activity has created opportunities for employment and development.

While the office market has faced challenges in the wake of the Covid-19 pandemic, Pollock sees signs of recovery with rising rents, increasing capital values, and a shift in tenant requirements. The small office pavilion market remains active, offering affordable options for businesses adjusting to new workplace norms.

In the retail sector, Pollock highlights the need for creative solutions in the face of economic hardships, with a shift towards alternative uses for commercial space in satellite towns like Bathgate. As traditional retail options dwindle, new businesses are emerging to meet the changing demands of consumers.

Overall, Pollock’s insights offer a glimpse of hope for the future of West Lothian’s commercial property market. While challenges may lie ahead, the region’s strengths in logistics, distribution, and adaptive reuse of industrial spaces position it well for future growth and resilience.