Wales ResearchAll the latest property research from Wales
The significant level of office development in Cardiff over the past fifteen years has been focused south of the train station at Callaghan Square, Dumballs Road and Cardiff Bay Construction fell sharply after the peak in 2008 but has picked up recently with the 200,000 sq ft pre-let development to Admiral Insurance, in the city’s traditional core.
"After a spate of larger deals in Q4, take-up fell back sharply to 32,000 sq ft in Q1, consisting entirely of secondary and tertiary transactions.
With the exception of a flurry of activity in December, investment activity has been extremely subdued since mid-2008. The expected depth and longevity of the current downturn has deterred most investors from all non-essential transactions.
"The absorption of several large grade A floorplates and no newly marketed development completions meant that availability fell back in Q4 in the first significant drop since Q2 2008."
A review of the performance of all property sectors over April.