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Bristol Offices Snapshot Q4 2021

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Our Q4 2021 snapshot contains insights on the Bristol Offices market.


Highlights include the below:

  • A strong final quarter saw city centre take up bounce back to a level not seen since before the pandemic at 250,000 sq ft.

  • 2021 take-up was 7% up on 2020 and only 6% below the 5 year average, demonstrating market resilience.

  • 31 transactions were completed in the final quarter, by far the busiest of year.

  • While Grade A availability has risen in 2021 due to speculative completions, there is plenty of occupier appetite to absorb prime space.

  • Prime rents rose to £38.50 psf in Q4 with expectation of a move above £40 psf in Q1 2022.

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Bristol Offices Snapshot Q4 2021

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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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Richard Coombs

Director

National Capital Markets

Bristol

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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Guy Grantham

Director of Research and Forecasting

Research and Forecasting

London - West End

Guy has been a property research professional for 23 years and gained extensive knowledge of the UK and Global property markets. He has worked closely with a wide variety of major developers, landlords and occupiers in a consultancy capacity. Instrumental in supporting Hines' purchase of Brindleyplace for £200m, on which Colliers advised. He is now specialising in the London Office market using his extensive knowledge and experience to provide market leading insight into current occupier, investment and development trends.

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