According to a recent report, the first half of 2013 saw improved demand and continued downward pressure on the level of supply in both the office and industrial markets.
Office take-up has improved in most key centres including Bristol, Bath and Swindon. In Bristol, the quality and number of larger, active enquiries for more than 20,000 sq ft has increased. For the first time in several years, major pre-let enquiries are active.
The supply of grade-A office accommodation in Bristol continues to reduce, with under 290,000 sq ft available immediately in central Bristol and less than 30,000 sq ft in north Bristol. The fall in supply has prompted the return of the first speculative development in the city for four years, with new office schemes at Glass Wharf and Queen Square.