Swindon & Wiltshire News
Bristol ranks as the most expensive UK city outside London for renting office space
Bristol ranks as the most expensive UK city outside London for renting office space, with Reading also making the top ten.
That’s according to office design and build experts Peldon Rose.
Using data from Zoopla, the firm found companies hiring office space in the city could expect to pay £682 per sq m a year – or £8,184 per employee per year.
Reading also made the top ten, with an average annual rent of £340 per sq m – £4,080 per employee.
Unsurprisingly, the most expensive office places to rent an office were all in London, with Westminster – £2,278 per sq m per annum – topping the league.
Will Kumbu, project director at Peldon Rose, said: “There are many different reasons why you may need to relocate your business, from outgrowing your current space or wanting to save business costs.
“At the core of every decision should be your employees. The office should be an inviting space where they want to make the commute and spend their time.
“Increasingly we’re seeing that people travel into the office to access and undertake activities outside of their primary working day, such as access to their gym, or evening plans such as seeing friends or a shopping trip.
“This makes it important to fully understand their needs – both within the working day and outside it – in order to make the right decision when it comes to office relocation.”
