The Bristol office market continues to offer resilience in the face of unprecedented market conditions. While demand remains below trend, occupier activity is healthy with 20 individual transactions recorded in the City Centre. In our Q1 snapshot, we highlight –
- The Tech and Media sector remains a key driver of demand and will continue to play a critical role in the market going forward.
- The injection of new product during the course of the next six months will be an acid test of occupier perceptions in terms of a potential flight to quality.
Major searches look set to land in Q2/Q3 which will have a positive impact upon absorption and market sentiment.