Business Space Q1 2024 Market Reports

13 May 2024
  • business space, cooke & arkwright, chartered surveyors, office property, industrial property

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The first quarter of 2024 has seen a strong start with significantly more office transactions across Cardiff and consistent level of industrial take up through South Wales.

Compared to the last quarter of 2023 the office market experienced almost double the amount of take up, in both the number of transactions and total transactional volume. Industrial activity remains consistent to the end of last year with just over 610,000 sq ft of take up and 72 deals. Please click though to see the full details of the Q1 figures and how they breakdown in our quarterly reports.

Office Market Report

Industrial Market Report 

I have worked with Jeremy Symons over the past three years successfully leasing and buying property in support of my business. I continue to be very pleased with his knowledge of the market and expertise. Our relationship over this time has resulted in acquiring 20,000 sq ft at Capital Business Park in Cardiff, leasing 11,000 sq ft at Southpoint, and subsequently leasing an initial 42,000 sq ft at Parc Bedwas, followed by a succession of expansions of a further 11,000 and then 47,000 sq ft, enabling us to centralise all of our operations at Parc Bedwas in a single 100,000 sq ft facility. The acquisitions were completed at the perfect time for tenant purposes and the rent fixed throughout the term at very economical rates. A job well done.

Bob James, Aerfin