Explore Commercial Property Areas, Options, and Costs in Dundee
Dundee, Scotland's fourth-largest city, continues to attract businesses due to its rich history, burgeoning tech scene, and dynamic urban development. Whether you're a start-up looking for your first office or production and development space, or a multinational aiming to expand, Dundee offers a variety of commercial property options to cater to different needs and budgets. Here’s a quick tour of commercial property areas in Dundee, options available, and an overview of what you might expect in terms of costs.
Dundee actively supports investors, developers and businesses across screen, creative, digital and tech. We help you find high quality and cost-effective solutions to enable you to relocate, start-up or scale-up in the city. Our Business Development Team is quick way to get started. We can let you have bespoke suggestions according to your needs and put you in touch with all kinds of property contacts.
To get an quick idea of what is on offer, use our property search app to see options. Go to Dundee City Council-Commercial Property.
You can also contact our Property Team at leasing.enquiries@dundeecity.gov.uk or call +44 (0)1382 434900.
We love a chat so call TayScreen on +44 (0)1382 432483 or +44 (0)7951 380403 or email info@tayscreen.com.
Prime Commercial Areas in Dundee
City Centre
Dundee's City Centre is the beating heart of the city. It offers a mix of high street stores, restaurants, and professional services. The city centre is highly accessible, thanks to its excellent public transportation network and proximity to the Dundee train station. Commercial properties here range from modern office spaces to retail units.
Waterfront
The Dundee Waterfront is undergoing significant redevelopment, making it one of the most attractive areas for businesses. This area is perfect for companies looking for modern, aesthetically pleasing offices. With the V&A Dundee and high-end hotels nearby, the Waterfront offers a prestigious business address.
West End
The West End, known for its academic and cultural vibrancy, is another sought-after area in Dundee. It’s home to the University of Dundee and Abertay University, making it an excellent location for tech start-ups, educational institutions, and research facilities. The area has a mix of period properties and modern office spaces.
Technopole
Positioned around Dundee’s universities and dedicated to fostering innovation and technology, the Technopole area is perfect for tech companies and research institutions. The availability of incubator spaces, co-working areas, and labs provides a dynamic environment for growth and collaboration.
Types of Commercial Property Options
Office Spaces
Office spaces in Dundee range from small suites catering to start-ups to entire floors suitable for large organisations. Many modern developments offer state-of-the-art facilities including high-speed internet, meeting rooms, and communal areas.
Industrial and Warehouse Spaces
For businesses requiring more substantial premises, Dundee offers a range of industrial and warehouse units in areas like the Dundee Port and Michelin Scotland Innovation Parc. Spaces are well-suited for production, manufacturing, distribution and data operations.
Co-Working Spaces
Dundee's lively entrepreneurial scene has led to the development of numerous co-working spaces. These environments are perfect for freelancers, start-ups, and remote workers. They offer flexible leasing terms, modern amenities, and the opportunity to network with other professionals.
Mixed-Use Developments
Mixed-use developments are becoming increasingly popular in Dundee. These properties combine residential, commercial, and sometimes industrial uses in one location, offering businesses the unique opportunity to be part of a vibrant, multi-functional community.
Cost Overview
Office Spaces
Costs for office spaces in Dundee vary depending on the location, size, and amenities. In prime areas like the City Centre and Waterfront, you might expect to pay between £15 to £25 per square foot annually. In less central locations, prices can be significantly lower, ranging from £8 to £12 per square foot annually.
Industrial and Warehouse Spaces
Industrial and warehouse spaces typically have a different pricing structure compared to office and retail units. Rental costs for industrial and warehouse units in Dundee generally fall between £3 and £8 per square foot annually, depending on the specific location, size, and facilities provided. Properties near major transportation hubs, such as Dundee Port, might command higher prices due to their strategic advantages.
Co-Working Spaces
Co-working spaces offer flexible pricing models that can cater to different budgets. Monthly memberships can start as low as £50 for part-time access and can go up to £300 or more for dedicated desks and private office spaces. Many co-working spaces also offer the option of daily passes, which can range from £10 to £30 per day.
Mixed-Use Developments
The cost of commercial properties within mixed-use developments can vary widely based on the specific configuration, location, and amenities provided. Generally, these spaces align with the standard market rates for office and retail units in their respective areas but may include additional charges for shared services and amenities.
Factors Influencing Costs
Location
As with any real estate market, location is a principal factor influencing the cost of commercial properties. Proximity to transportation hubs, business centres, and amenities can significantly affect rental prices.
Size and Layout
The size and layout of the commercial property also play crucial roles in determining costs. Larger spaces and those with efficient, modern layouts typically command higher prices. Additionally, properties with customizable or flexible layouts can be more attractive and consequently more expensive.
Amenities and Facilities
Properties equipped with advanced amenities—such as high-speed internet, meeting rooms, security systems, and parking facilities—tend to have higher rental costs. The availability of on-site support services like reception, maintenance, and IT support can also add to the overall expense.
Lease Terms
The length and terms of the lease agreement can impact rental costs. Long-term leases might offer lower annual rates compared to short-term agreements, which typically come at a premium for added flexibility. It's essential to negotiate terms that best meet your business needs.
Market Conditions
Like any economic sector, commercial property prices are subject to market conditions, including demand and supply, economic health, and industry trends. Keeping an eye on these factors can help in securing favorable rates.
Get started:
With a variety of options ranging from high-end office spaces in the City Centre to flexible co-working environments and industrial units, Dundee's commercial property market has something to offer for every type.
Our contact details are right at the top!