Bristol and Bath office take-up falls as prime office rents rise

Graph – Bristol & Bath office take-up and rents

Drop sparked by lack of quality office space.

Data from Carter Jonas’ Commercial Edge report shows that while office rents in central Bristol, outer Bristol and Bath have risen to £35, £23 and £28/sq ft for H1 2019, office take-up for H1 2019 for all three locations has dropped when compared with H1 2018.

Andrew Hardwick, partner at Carter Jonas’ Bristol office, thinks that while the data may look contradictory, it is indicative of the lack of office stock in Bristol and the surrounding area. So, while demand for quality office space is continuing to drive up rents, he thinks that lack of quality office space has led to a fall in take-up.

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