Office take-up reached 177,200 sq ft in Bristol in Q2 2026, reflecting an absence of larger deals which typically bolster take-up in Bristol, with occupier demand for smaller sizebands staying resilient in over the quarter. The largest deal of the quarter saw serviced office provider Gilbanks let 23,500 sq ft at Assembly C in the city centre.
Office vacancy in Bristol decreased 42 bps to 9.2%, driven by the reductions of both secondary and Grade A supply. This was highlighted by a 72 bps decrease in Grade A vacancy, falling to 1.7% following deals at Grade A locations such as Assembly C and Embarq.
Office prime rents remained at £52 psf, 21% above the Big Nine prime rental average, with prime rents expected to increase in Q3 pushing Bristol to the top of the headline rents for UK cities. Rent-free periods remained at 24 months for a 10-year lease.