Bristol’s office take-up totalled 214,000 sq ft in Q4, slightly down on Q3 but in line with historic averages. Annual take-up reached 926,000 sq ft, 21% above the 5-year average and 8% above the 10-year average.
The largest deal of the quarter saw legal firm Burges Salmon regear their lease and expand by acquiring an additional 41,600 sq ft at One Glass Wharf. Elsewhere, serviced office provider Runway East continued its nationwide expansion at 43 Queen Square, while engineering firm Stantec signed 16,900 sq ft at Embarq, a building currently under refurbishment and due for completion later in 2026.
Vacancy declined for the fourth consecutive quarter, falling 50 basis points to 9.6% to reflect ongoing positive net absorption across the city centre. Office prime rents rose 4.2% in 2025 to £50 per sq ft with Bristol remaining as the Big Nine’s highest rented market. Rent-free periods remain at 24 months for a 10-year period.
