Our View on NORFOLK

AND SUFFOLK offices

Spring 2019

 

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:

  DOWNLOAD RESEARCH

 

£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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