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Bristol Offices Snapshot Q3 2020

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Colliers Bristol Snapshot Q3 2020 hero
By James Preece, Walter Boettcher and Oliver Kolodseike
  • Despite the ongoing impact of the pandemic, Bristol city centre has seen 331,000 sq ft of take up year to date, which is only 8% down on the equivalent period in 2019.

  • Activity has been dominated by the 4,000 to 5,000 sq ft and 1,000 to 2,000 sq ft size bands but the market saw a healthy mixture of business sectors active in the market.

  • Tech and Media (32%) continues to be the most acquisitive, demonstrating its resilience in the face of the challenging markets conditions. The property sector has also been strong accounting for 32% of take-up in Q3.

  • Out-of-Town, following a poor start to the year, Q3 showed a sharp improvement, with take-up year-to-date, now just 8% down on the same period in 2019.

  • The largest deal this quarter across the entire Bristol market was the pre-let of 132,000 sq ft at Phase 2 & 3 of 100 Bristol Business Park to Babcock.
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Bristol Offices Snapshot Q3 2020

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James Preece | Colliers | Bristol

James Preece

Director

Bristol

+44 117 917 2047
+44 7917 392 867
Email

I am a Director in the National Offices team based in Bristol and have over 24 years experience.

Having joined Colliers in August 2008 my role has included numerous disposals and acquisitions in the South West for a myriad of clients, from large funds such as Aviva to private individuals.

I previously worked for Bidwells Business Space Agency team in Cambridge (2003 -2008) where I specialised in office and research & development disposals and acquisitions.

Before this I worked for Chesterton International Plc in Central London. After qualifying as a member of the Royal Institution of Chartered Surveyors in 2001, I remained in the City office agency team.

 

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Walter Boettcher | Colliers | London - West End

Walter Boettcher

Head of Research and Economics

London - West End

+44 20 7344 6581
+447824691586
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As Head of Research and Economics at global property advisors Colliers based in London, I lead a team of researchers identifying timely research topics and directing research and forecasting outputs. I have 25+ years of UK and European property industry experience and extensive expertise across a wide range of sectors and related industries. I participate regularly in industry panel discussions, but am focused more on direct client engagement with institutions, property companies, banks, and private investors. A regular media commentator, I have a wide range of national publication and broadcast experience. I joined Colliers International in August 2007 after several years at a private property company where I was responsible for managing a mixed portfolio of London residential, retail and office assets. Previously, I worked in a few London property advisory firms, a geodemographic company as well as a few youthful sojourns in the US offshore oil industry, local government and entertainment business. I am an economics graduate of the University of Texas at Austin and received a  PhD from the Faculty of Science at University College London.  I am a member of the London Property Economics Forum and  Society of Property Researchers.

Perhaps best known for my alternative take on property economics and investment, I am a keen proponent of UK regional development and infrastructure investment.

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Oliver Kolodseike | Colliers | London - West End

Oliver Kolodseike

Director of Economics and Research

London - West End

+44 20 7487 1671
Email

Oliver is Head of Economic Research and leads the quarterly UK forecasting process including the publication of Colliers' Real Estate Investment Forecasts (REIF) report. He also  authors the monthly Property Snapshot and, quarterly Scotland Snapshot. Prior to joining Colliers, he worked for the Centre for Economics and Business Research and IHS Markit. Oliver holds a BA in Economics from  Georg-August University Göttingen (Germany) and an MSc in Economics from Exeter University.

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