2023-07-25-莱坊-UK_Cities_Bristol_Q2_2023_1页_303kb

Bristol Office Market Summary for Q2 2023

Bristol's office market showed specific trends in Q2 2023, with data covering investment, supply demand, vacancy rates, and investor activity.

• Occupational Investment: Total take-up of 200,000 square feet, representing 15% completion between 2022 and 2023.

• Under Construction Investment: High demand for speculative development, with around 611,909 square feet planned for 2023-2025, mostly lease-based (85%).

• Demand and Supply Dynamics: Active deals numbered at 2220, with a Grade A vacancy rate of 6.6%. Average transactions decreased by 73% compared to the past year, and prime rent stood at £19.58 per square foot.

• Market Yield and Activity: Vacancy rates indicate low availability, with yields expected to drop further. Private investors hold 20% market share, while property companies dominate 80%.

• Specific Transactions: Notable deals included EQ for 11,054 square feet and HSBC's transaction, tied to prominent vendors and prices around £7.75m. Prime forecast suggests stable conditions, with property companies showing strong activity.

This update reflects overall market challenges and opportunities in office investments, particularly in prime city center locations.