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Cardiff Office Market Rebounds as Leasing Hits Five-Year High

Summary by Business News Wales

A raft of large deals propelled Cardiff leasing activity to almost 600,000 square feet in 2024, the highest total since 2019, albeit still 30% below the pre-pandemic five-year average. Commercial real estate market analytics company CoStar said the increase in activity signalled a reversal in the Cardiff market’s fortunes after 2023, when occupier demand sank to record-low levels. Leasing volumes rose to almost 250,000 square feet in Q4 2024, th…

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Business News Wales

Cardiff Office Market Rebounds as Leasing Hits Five-Year High

A raft of large deals propelled Cardiff leasing activity to almost 600,000 square feet in 2024, the highest total since 2019, albeit still 30% below the pre-pandemic five-year average. Commercial real estate market analytics company CoStar said the increase in activity signalled a reversal in the Cardiff market’s fortunes after 2023, when occupier demand sank to record-low levels. Leasing volumes rose to almost 250,000 square feet in Q4 2024, th…

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Business News Wales broke the news in 2 days ago on Thursday, February 20, 2025.

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