LONDON--(BUSINESS WIRE)--May 20, 2026--
Glasgow’s city centre recorded its highest quarterly office take-up since 2021 , according to data from CoStar, a global leading provider of online real estate marketplaces, information and analytics in the property markets.
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Take-up in the first three months of the year rose 85% quarter-on-quarter and 34% year-on-year. On a rolling four-quarter basis, occupier demand remained stable at around 600,000 sq. ft., up more than a third on the average between H2 2022 and H1 2024.
“Activity was driven by a return of larger deals, with three lettings above 20,000 sq. ft. signed in the city centre in Q1, more than in the whole of 2025,” said Grant Lonsdale, senior director of market analytics at CoStar Europe. “This pushed the average city centre deal size to around 6,000 sq. ft. in Q1 and 4,600 sq. ft. on a rolling annual basis, roughly 50% higher than two years earlier and the highest since Q3 2021.”
A total of 28 lettings below 5,000 sq. ft. were recorded in the City Core in Q1, taking the rolling four-quarter total to 133, nearing a record high.
Vacancy remains elevated at 12.4% across Glasgow and 15.8% in the city centre.
The full analysis can be found here.
For more information about the company and its products and services, please visit www.costargroup.com.
About CoStar Group
CoStar Group (NASDAQ: CSGP) is a global leader in commercial real estate information, analytics, online marketplaces, and 3D digital twin technology. Founded in 1986, CoStar Group is dedicated to digitizing the world’s real estate, empowering all people to discover properties, insights, and connections that improve their businesses and lives.
CoStar Group’s major brands include CoStar, a leading global provider of commercial real estate data, analytics, and news; LoopNet, the most trafficked commercial real estate marketplace; Apartments.com, the leading platform for apartment rentals; Homes.com, the fastest-growing residential real estate marketplace; and Domain, one of Australia’s leading property marketplaces. CoStar Group’s industry-leading brands also include Matterport, a leading spatial data company whose platform turns buildings into data to make every space more valuable and accessible; STR, a global leader in hospitality data and benchmarking; Ten-X, an online platform for commercial real estate auctions and negotiated bids; and OnTheMarket, a leading residential property portal in the United Kingdom.
CoStar Group’s websites attracted over 131 million average monthly unique visitors in the first quarter of 2026, serving clients around the world. Headquartered in Arlington, Virginia, CoStar Group is committed to transforming the real estate industry through innovative technology and comprehensive market intelligence. From time to time, we plan to utilize our corporate website as a channel of distribution for material company information. For more information, visit CoStarGroup.com.
Glasgow City Centre Office Leasing Hits 230,000 Sq. Ft. in Q1 2026
MADRID (AP) — More than a million people poured into a central Madrid plaza on Sunday for Pope Leo XIV ’s main Mass and a procession highlighting one of the most iconic expressions of Spanish popular piety: flower carpets.
They cheered and shouted “This is the youth of the pope!” as Leo arrived for the Mass, looping around the plaza and surrounding streets in his popemobile to a crowd packed several rows deep behind barricades.
Sunday’s Mass falls on the Catholic Corpus Domini feast day, which often features processions of faithful through towns and cities led by a priest carrying the Eucharist. In Spain as in other predominantly Catholic countries, the processions often feature elaborate floral carpets arranged along the route.
Leo, who arrived in Spain on Saturday at the start of his weeklong visit, has been keen to highlight the long tradition of Catholic devotion here to encourage especially young generations to find their faith.
At a vigil service Saturday night, an estimated 600,000 young Spaniards knelt for several minutes in silent prayer alongside Leo, suggesting that there is indeed interest among young people despite Spain’s heavily secularized society.
“Let me take the opportunity to tell all of you: Don't ever be afraid of thinking about a vocation to the priesthood or religious life, or other services in the church!” Leo told the crowd.
Irati Valda and Javier Hormazal, a young couple, held up a cardboard sign announcing they are going to get married on June 13 and were ushered up close to receive Leo's blessing during the vigil.
“To see so many young people together, it's incredible. Half a million people in silence, this is something you will only live once," Valda said.
For Sunday's Mass and procession, local organizers said 1.2 million people had turned out on a brilliant spring morning at the central Plaza Cibeles and surrounding streets, with more trying to get in.
The tradition of laying flower carpets — and destroying them when the procession tramples them — dates back two centuries and is popular also in Latin America, where elaborate sand designs are also made. The painstaking displays are considered an offering to the Eucharist.
Poland has already had its tradition of Corpus Domini flower carpets recognized by UNESCO, and Spain's Galicia region is trying to have its tradition listed along with other countries as part of the world’s intangible cultural heritage.
According to Spanish organizers, the 16 flower carpets decorating the half-kilometer (mile) procession route were prepared by a Spanish florists association from Galicia. Florists used more than 30,000 flowers, most the yellow and white colors of the Holy See flag, for the carpets that feature decorations such as the Holy See keys.
Wildly popular religious processions, pilgrimages and feasts continue to be held in most Spanish regions. The most recognizable are Holy Week processions during the final week of Lent where brotherhoods and robed penitents parade ornate statues of Christ and the Virgin Mary through cities, towns and villages alongside marching bands. Such processions draw the faithful as well as droves of non-believers and tourists.
Spanish towns and cities also regularly honor local patron saints with fiestas. Religious pilgrimages to local shrines mix piety with communal festivities and music. In Andalusia, the El Rocío pilgrimage fetches a million people that make a long, dusty journey over the Pentecost weekend on horseback and decorated covered wagons to venerate an icon of the Virgin Mary.
Leo arrived in Spain on Saturday and urged its people to put an end to polarization and work for unity. Later Sunday he is to meet privately with members of his Augustinian religious order and address cultural leaders.
AP visual journalist Helena Alves contributed.
Associated Press religion coverage receives support through the AP’s collaboration with The Conversation US, with funding from Lilly Endowment Inc. The AP is solely responsible for this content.
Pope Leo XIV arrives in the popemobile at Plaza de Lima in Madrid, Saturday, June 6, 2026, for a prayer vigil with young people on the first day of a seven-day apostolic journey to mainland Spain and the Canary Islands. (AP Photo/Bernat Armangue)
Pope Leo XIV is welcomed by Spain's King Felipe VI and Queen Letizia, as he arrives at the Royal Palace in Madrid, Saturday, June 6, 2026, on the first day of his seven-day apostolic journey to mainland Spain and the Canary Islands. (AP Photo/Alessandra Tarantino)
People wait for the arrival of Pope Leo XIV ahead of a Holy Mass and Corpus Christi procession at Plaza de Cibeles in Madrid, Spain, Sunday, June 7, 2026, on the second day of his seven-day apostolic visit to mainland Spain and the Canary Islands. (AP Photo/Andrea Comas)
People wait for the arrival of Pope Leo XIV ahead of a Holy Mass and Corpus Christi procession at Plaza de Cibeles in Madrid, Spain, Sunday, June 7, 2026, on the second day of his seven-day apostolic visit to mainland Spain and the Canary Islands. (AP Photo/Andrea Comas)
People wait for the arrival of Pope Leo XIV ahead of a Holy Mass and Corpus Christi procession at Plaza de Cibeles in Madrid, Spain, Sunday, June 7, 2026, on the second day of his seven-day apostolic visit to mainland Spain and the Canary Islands. (AP Photo/Manu Fernandez)
