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South West Review - Bristol 2015

Smart Future: South West Property Market 2015

On Thursday 29th January over 160 JLL clients and business contacts attended the South West Property Market Review in Bristol. This event, the first in the series of three in the region, focused on the theme of 'Smart Future', and saw speakers discussing how our workplaces are evolving in response to the changing needs of businesses. 

Jeremy Richards, Lead Director for the South and Wales region said:  "The challenge for the property market is to keep pace with the changing face of technology; the latter is currently moved faster than the built environment can adapt. We have seen the impact on the retail market already and workplace transformation is top of most corporates agenda with technology at its heart."


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Our views

 

 

 

Ian Wills

Director

​"Smart Workplaces is a review of the office, industrial and investment markets. 2014 was a breakthrough year for Bristol, we discuss the deals and how the balance of power is shifting from Tenants to Landlord. We also answer the questions - who builds next, what sort of space should they deliver and who is going to take it. The Industrial market review discusses how the parcel delivery firms are dominating demand, although deal of the year was a 70,000 sq ft caviar farm. Finally capital markets. We cover the major transactions and how investors' appetite for secondary stock grew over the year."

 
 
 
 
 
 
 

Jon Neale

Head of Research, UK

"The UK will have another strong year in 2015, with 2.7% GDP growth forecast – making it among the strongest economies in the developed world. The South West looks particularly well placed – with positive demographics and a number of strong industry clusters, it will outperform the UK as a whole, while having few of the capacity constraints that exist in and around the capital. Bristol ranks alongside Manchester as having the strongest prospects of any of the cities outside London. However, the risks are becoming slightly more pronounced, both in the Eurozone and domestically, where the most uncertain election in generations is likely to delay at least a few decisions among both investors and occupiers."

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