South West Property DataProperty data, infographics and market reports for the South West of England.
South West data
Office markets in the UK’s major regional cities are expected to post strong growth again this year, following on from a stellar performance in 2015.
Bristol city centre office take-up for the first half of this year was just over 266,000 sq ft, down on the first half of last year when a record-breaking 295,350 sq ft was leased, according to a report by the Bristol Office Agents’ Society.
Growth in home ownership in eight of England’s largest cities has stalled as the rising cost of housing prices buyers out.
Recent investment figures for the South West of England are on the surface encouraging. Investment transactions across the region last year totalled £992.47m, according to Alder King’s Market Monitor 2015.
Two owner-occupiers have helped to increase the Bristol office take-up for the first half of this year by nearly a third compared with the same period last year, shows Spotlight Bristol Office, published by Savills last week.
Whilst economic recovery is slow and bumpy and businesses remain cautious about spending, demand in both the office and industrial markets has strengthened over the first half of 2013 and the downward trend in the level of supply has continued.
South West News
Westbury is an unlikely home for a commercial hub looking to attract SMEs - but that is exactly what one property company is hoping to create at the sleepy stop on the Great Western line down to the Cornish coast.