Savills have just released their latest report focusing on the Cardiff Office. The key bullets are appended below but for the full report we recommend visiting the Savills research web-site at www.savills.co.uk/research/
■ 2015 was an extremely strong year for the Cardiff office market, with the best take-up figures since 2001.
■ Take-up was bolstered by significant pre-lets, including the 150,000 sq ft letting at Central Square to the BBC, taking the total for the year to over 600,000 sq ft.
■ In 2016, all new Grade A stock could potentially be fully let by the middle of the year.
■ Cardiff’s office investment market had a bumper year in 2015, with over £300 million transacted. This is 412% up on the previous year and the best year ever recorded.
■ The Cardiff office investment market has already transacted over £50 million this year, with the half year expected to reach £100 million.
■ Cardiff's office based employment is expected to grow by 5% over the next five years.
“Over the next 12 months, investor sentiment for Cardiff will continue, driven by improvements in the occupational market and the rental growth story” Ross Griffin, Director, Investment, Cardiff.