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 

Cardiff Waterside is a significant property holding for Aviva Investors at almost 500,000 sq ft. Our experiences show the benefit of working with a regional specialist where occupational markets can be unlocked with a good team with excellent local contacts. Ben Bolton and his team have done this for us for many years and been fundamental to our success and a very low void rate in Cardiff.

Matthew Leach, Arriva Capital Waterside