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Channel Islands Office Market Review 2017

Posted on 23rd February 2018

2017 Key Highlights

  • Investment volumes have exceeded £150,000,000 across both Jersey and Guernsey, which is a 5 year record.
  • Take up in Jersey has exceeded 200,000 sq ft which is again a 5 year record and in terms of take up as a percentage of total stock is comparable to some of the major UK regional cities.
  • Occupational demand in 2018 for grade A space across the Channel Islands looks robust, however in Guernsey there is a lack of available grade A space.
  • Prime headline rents in both Jersey and Guernsey have remained stable, with Jersey at around £35psf to £40 psf dependant on the lease terms and Guernsey slightly higher at around £38/£44 psf, given the shortage of supply of grade A on the Island.
Market Review 2017 - Final

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