2023-10-25-莱坊-UK_Cities_Cardiff_Q3_2023_1页_118kb

Cardiff Office Market Q3 2023

This quarterly report provides an overview of office market activity in Cardiff, updated bi-annually for the UK regional markets. Key sections include occupational investment, under-construction volumes, and demand-supply dynamics with vacancy rates and rent forecasts.

• Occupational Investment Summary:

  • Take-up figures indicate activity levels, though specific data like 100,000 and 50,000 with tags "tf" and "qs" suggest fluctuations, but no detailed breakdown is available.

• Under Construction Investment:

  • Schemes expected to complete between 2023 and 2025 are tracked, with values such as 30, 20, and 10 likely representing investment volumes in square footage, hinting at upcoming supply increases.

• Demand and Supply Activity:

  • Occupied take-up reached 65,937 square feet for construction and engineering, with 17 deals and an average vacancy rate of 12.8% for Grade A spaces, reflecting high demand compared to a 10-year average.
  • Supply availability and volume data show activity, with vacancy rates indicating market tightness.

• Prime Rent Forecast:

  • Current prime rent is £25.00 per square foot, expected to rise to £26.00 by the end of 2023.

Overall, the market shows strong demand, lower vacancy rates, and upward rental trends in Q3 2023.