Office Blog: Exeter Office Market Report Q1 2021

2020 the year of the pandemic was very disappointing for take-up in the office markets but 2021 is showing real signs of positive activity.

In the South West and particularly so in Exeter and Plymouth there has been the lowest take-up on record since my time in the market here. Hardly surprising given the background.

However there have been some great development and infrastructure projects which have kept the local economy going and two major sales of prime office stock took place. The first Broadwalk House in Southernhay acquired by Castleforge Partners and the second Winslade Park acquired by Burrington Estates.

What has really given me confidence in the future is the determination, innovation and resilience of businesses to survive remodel and gear up for the bounce back we will see this year as the vaccine consumes the spread of the virus.

In this period of volatility and uncertainty I have set up my own niche office agency and consultancy business after 30 year at JLL.

Crazy, but some might say I have always flourished in times of adversity and now is the time when experience and expertise will help guide businesses through the next evolution of the new workplace and workspace.

Download Office Market report Q1 2021