Office Market Update
Thursday 29 June 2023
Flude Property Consultants are delighted to share with you the most recent office market update prepared by our dedicated office agents; Ed Deslandes, Brandon White and Sebastian Martin.
Conditions within the Brighton & Hove office market remain fairly choppy, with both occupiers & landlords alike grappling with rising costs and wider economic uncertainties. However nevertheless, we are pleased to report that we are still seeing a consistent level of demand for higher spec new build / newly refurbished spaces that have been fitted to a high standard – however conversely we are finding that buildings located in less prime locations, and that perhaps haven’t been brought up to a more modern specification, can often suffer longer voids periods than might otherwise be the case.
Take up has been steady, if not limited in Chichester, along with the surrounding areas in West Sussex through Q2. High quality accommodation remains sparse, with occupiers increasing reluctant to invest their own capital into refurbishments, driving the requirement for landlords to invest in their buildings & energy efficiency improvements to attract tenants.
We are still receiving a steady stream of enquiries within Portsmouth and surrounding areas and have found occupiers are seeking office space with parking, whilst being close to public transport links to ensure they are well connected.
Click on the link below to view our market update flyer.
