Lively and interesting round table discussion on the future of the office market hosted by Nimbus and attended by amongst others Savills, Tuatara Reale Estate & Fore Partnership. Concensus in the room was that well located best in class offices with strong sustainability ratings are benefiting from the flight to prime with circa 4% year-on-year rental growth since Covid. Still some appetite for high quality refurbished offices. Occupiers concious of higher refurbishment costs of completing refurbishments themselves so turnkey solutions proving popular. However some micro locations are really struggling with the new hybrid working model & subsequent lack of take up.
The investment market as well as repurposing opportunities to Flex space, PBSA, Co-living and industrial development on well located campus style offices in the regions were all topics of discussion.
Sense Medical Acquisition
July 1, 2024
Elmtree Commercial are delighted to have completed the acquisition of Wessex House in Bourne End on behalf of our client
