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Bristol Offices Snapshot Q4 2019

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Brsitol office snapshot Q4 2019
Key highlights include:
  • Bristol City Centre sees new prime rent of £37.50 psf pax in Q4 2019, as well as a pre-let of 200,000 sq ft.
  • Vacancy rate in the City Centre falls below 5% by the end of 2019, with take up for the year 7% above the 5-year average.
  • Despite a new prime rent achieved in the out of town market in 2019, take up was 34% below the 5 year average.
  • The number of investment deals was similar to 2018, but there was a decrease in volume. Prime yields for long let government stock reached 4.02%.

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Bristol Offices Snapshot Q4 2019

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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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Richard Coombs

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Richard Coombs is a Director in the UK National Investment team with particular responsibility for investment in the South West. His specialist area is business space although he also provides advice to clients across all major sectors of the market.  Richard has advised clients such as Aviva Investors, Patrizia, Mayfair Capital, Aberdeen Standard Investments, Columbia Threadneedle Investments and Castleforge Partners for more than 25 years in the acquisition, sale and funding of investment property.

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