Spotlight: Bristol Offices – Summer 2025

Bristol's office market faces a critical supply-demand mismatch, with strong occupier demand for high-quality flexible space constrained by a limited pipeline of prime commercial developments; prime rents have grown 28% since end-2019 and are projected to reach £54 per square foot by 2029, with the University of Bristol's £500 million Temple Quarter Enterprise Campus expected to catalyze commercial growth and refurbishment activity. The document identifies refurbished offices as increasingly competitive alternatives to new builds amid supply shortages, with Grade A and Prime buildings accounting for 41% of H1 2025 take-up, while Bristol also positions itself as a leading UK hub for artificial intelligence research backed by £21 million in UKRI funding and home to major aerospace companies valued at over £2.7 billion.