2024-08-08-莱坊-UK_Cities_Bristol_Q2_2024_1页_309kb

Bristol Office Market Q2 2024 Summary

• Occupational Investment Take Up: 200,000 sq ft (likely sq ft unit, exact value provided but context ambiguous).
• Under Construction Investment Volumes (2024-2026): Let: 51,864 sq ft (11%); Speculative: 422,136 sq ft (89%).
• Demand and Supply: Deal activity -78% year-on-year; Grade A vacancy rate 7.78%; Prime yield forecast at 6.75%.
• Prime Rent and Returns: Current prime rent £48.00 per sq ft; End 2024 forecast £50.00 per sq ft; Investor returns mixed with most active sector being professional services.
• Recent Deal: Transaction at One Temple Quay involving 20,365 sq ft owned by Skelton Group sold to L&G IM for £16.1 million.
• Investor Profile: Diversified, with significant speculative investment and mixed yield projections.