Cardiff Office Market Dynamics, Q2 2026

Take-up reached 200,679 sq. ft. in Q2 2026, well above the five-year quarterly average of 75,300 sq. ft., driven by a 145,000 sq. ft. owner occupation purchase of St William House to Cardiff and Vale College (CAVC).

Overall vacancy rate was 9.3% at the end of Q2 2026, with Grade A vacancy at 2.2%, reflecting the continued scarcity of high-quality space.

Prime rents rose to £32.00 per sq.ft., representing quarterly growth of 6.7%, and the first prime rental increase since mid-2023.