Bristol, as with a number of key markets across the UK, is seeing an increase in activity that is yet to fully translate into hard transaction figures.
However, in Q2 2021, Bristol City centre still experienced twice as much space transacted than in the same quarter last year.
- There is evidence to suggest that given the prevalence of activity in the sub 3,000 sq ft size band, smaller SMEs are making decisions faster than larger occupiers.
- Media & Tech sectors are still the mainstay of demand but the prospective 100,000 sq ft requirement from the Passport Office is set to increase public sector occupation.
- Rents have remained stable, although we await occupier response to delivery of new product.