Bristol office take-up in the first quarter rose 27% above the five-year quarterly average.
Take-up reached 224,000 sq ft in Q1, compared to the five-year quarterly average of 177,000 sq ft, according to JLL.
In town, Q1 take-up was 115,750 sq ft, and out-of-town lettings totalled 108,241 sq ft. A further 95,000 sq ft was bought by developers looking to convert offices for alternative uses.
Ian Wills, director at JLL’s Bristol office, said: “Combined, these figures give an encouraging picture of the Bristol economy and shows that the market is moving in the right direction.”
He added: “We anticipate a very busy latter half of the year as many of these enquiries convert into deals.”
joanna.bourke@estatesgazette.com
