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Bristol Offices Snapshot Q3 2020

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  • Despite the ongoing impact of the pandemic, Bristol city centre has seen 331,000 sq ft of take up year to date, which is only 8% down on the equivalent period in 2019.

  • Activity has been dominated by the 4,000 to 5,000 sq ft and 1,000 to 2,000 sq ft size bands but the market saw a healthy mixture of business sectors active in the market.

  • Tech and Media (32%) continues to be the most acquisitive, demonstrating its resilience in the face of the challenging markets conditions. The property sector has also been strong accounting for 32% of take-up in Q3.

  • Out-of-Town, following a poor start to the year, Q3 showed a sharp improvement, with take-up year-to-date, now just 8% down on the same period in 2019.

  • The largest deal this quarter across the entire Bristol market was the pre-let of 132,000 sq ft at Phase 2 & 3 of 100 Bristol Business Park to Babcock.

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Bristol Offices Snapshot Q3 2020

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Related Experts

James Preece

Director

National Offices

Bristol

I am a Director in the National Offices team based in Bristol and have over 22 years experience.

Having joined Colliers in August 2008 my role has included numerous disposals and acquisitions in the South West for a myriad of clients, from large funds such as Aviva to private individuals.

I previously worked for Bidwells Business Space Agency team in Cambridge (2003 -2008) where I specialised in office and research & development disposals and acquisitions.

Before this I worked for Chesterton International Plc in London. After qualifying as a member of the Royal Institution of Chartered Surveyors in 2001, I remained in the City office agency team.

 

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Walter Boettcher

Head of Research and Economics

Research and Forecasting

London - West End

I am the the Chief Economist at global property advisors Colliers International based in London.  I am a research economist identifying timely research topics and directing research and forecasting outputs.

I have over 20 years UK and European property industry experience and extensive expertise across a wide range of property sectors and related industries.

I participate regularly in industry panel discussions, but am focused more on direct client engagement with institutions, property companies, banks, and private investors. A regular media commentator, I have a wide range of national and broadcast experience.

I joined Colliers International in August 2007 after several years at a private property company where he was responsible for managing a mixed portfolio of London residential, retail and office assets.

Previously, I worked in a few London property advisory firms, a geodemographic company as well as a few youthful sojourns in the US offshore oil industry, local government and entertainment business.

I am an economics graduate of the University of Texas at Austin and received his PhD from the Faculty of Science at University College London.  I am a member of Lambda Alpha International and the Society of Property Researchers.

Perhaps best known for my alternative take on property economics and investment, I am a keen proponent of UK regional development and infrastructure investment.

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Oliver Kolodseike

Director of Economics and Research

Research and Forecasting

London - West End

Oliver is Head of Economic Research and leads the quarterly UK forecasting process including the publication of Colliers' Real Estate Investment Forecasts (REIF) report. He also  authors the monthly Property Snapshot and, quarterly Scotland Snapshot. Prior to joining Colliers, he worked for the Centre for Economics and Business Research and IHS Markit. Oliver holds a BA in Economics from  Georg-August University Göttingen (Germany) and an MSc in Economics from Exeter University.

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