INVESTMENT in Scottish commercial property sharply declined amid “unprecedented” conditions in 2020, new figures show. The total value of property transacted sank to £1.2 billion last year from more than £2bn in 2019, as the fallout from the coronavirus pandemic imposed “many barriers” to deals being done. The crisis sparked a “flight to quality stock and the rise of the industrial and logistics sector” amid the rapid growth of online delivery activity, according to analysis from property firm Knight Frank. Investment in office deals plunged to £347 million from £759m in 2019. However, the agent flagged its expectation that the market will rebound as the roll-out of coronavirus vaccines gathers pace.