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Optimistic outlook for Bristol's office market
The Office Agents Society, which is made up of representatives from Bristol’s leading surveying practices, has recently released the office take up figures for the third quarter of 2012.

The figures saw Q3 take-up for Bristol City Centre totalling 113,064 sq. ft, the highest quarterly take up in 2012, with year on year figures up a full 60% more. The quarter also saw a greater number of transactions concluded within the City centre than at any time since 2008.

Jeremy Richards of Jones Lang LaSalle commented “In 2012 we have witnessed a gradual improvement in market conditions with increasing take up quarter on quarter. With increasing enquiry levels we fully anticipate this trend to continue in Q4 2012 and onwards into 2013”.

Martin Booth of Knight Frank added “With the development pipeline all but turned off, the availability of Grade A space is steadily being eroded. Occupiers still have options, but these choices are diminishing with each and every quarter”.

The take-up of office space in Bristol’s out of town markets remains steady at 46,538 sq. ft. for the third quarter. The Office Agents Society is however, expecting a sharp rise in take up in the coming months as a raft of proposed deals near completion.
News

Optimistic outlook for Bristol's office market
The Office Agents Society, which is made up of representatives from Bristol’s leading surveying practices, has recently released the office take up figures for the third quarter of 2012.
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