Space shortages have driven rental growth, with prime rents at an historic high.
Bidwells' latest research reveals that the Norwich office market remains challenged by stock shortages, with availability rate sitting close to a 15 year low.
Grade A supply is particularly limited. This is constraining lettings activity, with 2019 take-up well below the long run trend, albeit marginally up on 2018.
Space shortages have driven rental growth, with prime rents at an historic high. Businesses have been forced to look to other options, driving a 37.5% rise in secondary rents over the last three years.
Download our research paper to find out more, and our predictions for the year ahead and beyond.
£17.25psf
prime office rents at all
time high
4.6%
availability rate remains
close to 15 year low
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