Rent for office space in Bristol soars as demand rises in 2024

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Office rents in Bristol are soaring amid rising demand for Grade A space and a shortage of supply, a new report has revealed. Headline rents in the city now stand at £48 per sq ft - the highest of any of the UK’s big six cities, according to the latest data from the Bristol Office Agents Society (OAS).

Bristol’s city centre market saw 29 deals complete in quarter two, with a total take up of 126,056 sq ft, to bring the total for the first six months of the year to 253,035 sq ft. This is just below the five-year average, but when compared to the same period last year shows a 58% increase.

Both the city centre and out-of-town markets have seen take up in line with overall

 link source - Business Live News

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