According to the report, the most bullish among them are property companies, with over 90% forecasting a year of significant opportunity, while funds are more cautious, with 40% expressing optimism.

Investor feedback underscores Glasgow’s attractiveness due to its favourable yield gap compared to other key regional cities and robust fundamentals across various sectors, including an under supply of PBSA, a strong prime retail market and in the office sector, a low availability of Grade A space.

Living and Industrial sectors are favoured by investors, accounting for 32% each, reflecting the appetite nationally for these sectors on the back positive supply/demand dynamics and strong forecast rental growth. The retail and office sectors also garner interest by 18% of respondents, with the micro location being highlighted as fundamental to appetite for both sectors.

Despite this upbeat sentiment, only 21% expressing confidence in the public sector’s support, citing potential challenges such as rent control legislation hindering Glasgow City Council’s ambitions to revitalise its urban core and bring residents back to its heart.

Positively, there is certainly appetite from the public sector and the Glasgow City Region deal will deliver £1.1 billion in public sector investment to deliver major infrastructure and regeneration projects over the coming years.

For an expert view, Lismore interviewed Stuart Orr, senior development manager of real estate firm Landsec, who said: “Glasgow’s allure for redevelopment and investment lies in its robust infrastructure and economic prowess, boasting a substantial, well-educated population and thriving sectors like office and retail, with Buchanan Street having effectively zero vacancy and 20% rental growth over the last 18 months.

“Challenges persist, with construction costs and financing hurdles hindering redevelopment projects in recent years. Despite setbacks, Glasgow’s resilience shines through, with strategies focusing on sustainable mixed-use and PBSA developments.

“Glasgow’s potential remains recognised, even amidst day-to-day urban issues, including a better integrated public transport infrastructure that connects to the airport and improvements to public realm.

“As regeneration efforts continue, areas like Tradeston, Lancefield Quay and Cowcaddens emerge as hot spots for revitalisation, driven by favourable land values and proximity to transport hubs, promising a vibrant future for the city’s urban landscape.”

Simon Cusiter

Simon Cusiter, director of Lismore, echoed: “Glasgow City Council’s aspirations to rejuvenate the heart of the city and draw residents back to its centre reflect a broader trend in the UK property market.

“Glasgow’s city centre population growth hinges on rent control policy, but uncertainty due to the Housing Bill, delays investment and has stalled development for several years. Short-term impacts hinder growth, but the medium-term potential is significant.

“It is more crucial than ever that public and private sectors are properly aligned in order to stimulate the development and regeneration the city deserves.

“Glasgow’s resilience shines through, but the key to unlocking this potential is in supporting regeneration in the city centre collaboratively between public and private sector to provide housing and office space to allow the city to thrive.”