Take-up of office space in Cardiff has hit its highest level since 2016, according to new research from property advisory firm Savills. In the first half(H1) of this year letting deals in the city totalled 214,708 sq ft, the highest half year take-up since 2016. The take up was 133.6% above H1 of 2021.
The most prominent deals so far this year include the 65,000 sq ft letting to BT at 3 Capital Quarter, the largest letting in the first quarter of the year (Q1), and Roku taking 25,845 sq ft at One Fusion Point in Q2. The city centre accounted for 90% of take up in the first half of the year.
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