Stock shortages in Norwich are driving rental growth
Norwich is feeling the impact of a shortage of high quality office space containing take up.
Reflecting the stock shortages, the availability rate has declined for four consecutive years to a near ten year low, while requirements continue to climb. This frustrated demand is delivering rental growth with prime achievable rents now standing at £17 sq ft. However, new space is urgently required to meet demand and the failure to deliver may result in business loss for the city.
Download our research paper to find out more:
£17per sq ft
Prime achievable office rents in Norwich set a new high
16.0% pa
Growth in rents on poorer quality space in Norwich over last 5 years
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