Summary and analysis of Cardiff's current office real estate market conditions.
Insight
21 May 2025
Cardiff Office Market Dynamics, Q1 2025
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The leasing market witnessed a slow start to 2025 with just 30,000 sq.ft. let as large transactions were absent from the market.
The vacancy rate increased marginally as more secondhand space was marketed but there is no new or refurbished space on the market. This will not change anytime soon as there is no speculative development underway in the City.
There were no investment transactions for the fifth consecutive quarter.