Research

Cardiff Office Market Dynamics, Q2 2024

Summary and analysis of Cardiff's current office real estate market conditions.

August 09, 2024

Contributors:

Elaine Rossall
Vicky Heath
Barrie David

The Cardiff office market saw an active Q2 with just over 50,000 sq. ft. transacted.

Good quality space remains in short supply within the city centre. The Grade A vacancy rate was largely unchanged over the quarter at 3.1%.

With the completion of the 45,000 sq. ft. refurbishment at Hodge House in Q2, there is currently only one scheme under construction on a speculative basis.

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