Bristol Office Market Dynamics, Q1 2025

The market is characterized by a lack of speculative development underway across the market, with just over 89,000 sq. ft. is onsite in two schemes.

Refurbished space dominates supply, with a further 143,400 sq. ft. completed during Q1. As a result, total supply and the vacancy rate rose during the quarter.

Bristol was the most buoyant Big 6 market from an investment perspective, albeit activity was well below average at just under £29 million traded.