The commercial property landscape across Scotland continues to evolve at pace, shaped by shifting market demands, economic adjustments, and the upcoming 2026 business rates revaluation. At Fenton & Scott, we work closely with occupiers, landlords, investors, and advisors to help navigate these changing conditions and ensure informed, practical decision-making.

Below is a clear overview of the key trends shaping the market as we move through 2026.

1. Demand for Flexible, Fit for Purpose Space

Across industrial, office, and leisure sectors, occupiers are increasingly prioritising:

• Adaptability units capable of multifunctional use
• Energy efficiency reducing operational costs is now a core driver
• Accessibility and compliance particularly for public-facing or funded projects
• Clear structural suitability flooring strength, ventilation, and service capacity

We are seeing a rise in enquiries where due diligence such as concrete testing, accessibility assessments, or service load checks is now essential before any negotiation can progress. This reflects a more cautious but more informed market.

2. Landlords Responding to Changing Expectations

Landlords are adjusting strategies to remain competitive, including:

• Offering shorter lease terms or break options
• Improving building compliance and accessibility
• Making essential upgrades to attract long-term tenants
• Addressing historic building issues early to maintain valuation confidence

Proactive landlords are achieving stronger interest and fewer delays during negotiations.

3. Funding & Valuation Considerations Becoming Critical

With funding bodies tightening their criteria, issues such as:

• lack of disability access (e.g., no lift),
• unresolved structural concerns,
• or unclear building history,

can directly impact a project’s viability.

More occupiers are factoring these risks into valuation conversations from the outset. This is a key area where transparent communication between landlords, agents, and occupiers is becoming essential.

4. Rates Revaluation 2026 Preparing Now

With the 2026 Scottish Business Rates Revaluation taking effect from 1 April 2026, both occupiers and landlords should:

• expect updated Rateable Values based on April 2025 rental evidence,
• review draft assessments in November 2025,
• consider potential impacts on lease terms, cost modelling, and business planning.

Fenton & Scott is already supporting clients in assessing their likely positions and preparing for appeals where necessary.

5. Stronger Collaboration Improving Outcomes

One of the most positive developments in the current market is the increased collaboration between:

• Occupiers
• Landlords
• Property agents
• Surveyors
• Funding bodies
• Local authorities

This shared-information approach is leading to smoother negotiations, quicker issue-resolution, and better long-term outcomes for all parties.

How Fenton & Scott Can Help

Whether you are acquiring space, negotiating with landlords, assessing building risks, or preparing for valuation impacts, our team provides:

• Property due diligence
•  Negotiation and representation
• Rating assessments and revaluation support
• Strategic advice on funding, compliance, and valuation
• Communication with landlords, agents, and third parties

If you need clear guidance as you make your next property decision, we’re here to help.