According to Knight Frank, Aberdeen’s prime office rents have increased the most in the last six months, beating Central London, Birmingham and Manchester.

Aberdeen ’s prime rents have increased by almost 12% to £24 sq ft compared with £21.50 sq ft in Q1 07. The city has knocked the traditionally expensive boroughs of the West End and the City in Central London off the top spot as prime office rates in London have witnessed an increase of 10% for both areas.

Since Q1, prime rents in Glasgow increased by 6% to £27.50 sq ft. The research also highlights Edinburgh which has experienced further growth as prime rents have also risen by almost 4% to £28.50 from £27.50 in Q1.

Katherine Monro, partner of Knight Frank in Aberdeen, said: “The Aberdeen market has performed exceptionally well this year, and a lack of high quality Grade A stock has continued to drive rents in the city. We have witnessed a steady rise in office rates throughout 2007, and as demand continues to outstrip supply this trend looks set to continue in the near future.”