A stat that surprised us when we were pulling together data for our 2026 research report:
In the UK, office leases with terms of 12 months or less have jumped from 10% to 44% since 2019, while 3–10 year terms have more than halved.
In Jersey, it’s a different story. Every recent significant office letting has been agreed on 15–18 year terms, with no breaks.
Same asset class, but very different market dynamics.
In the UK, shorter leases reflect occupiers keeping options open, driven by changing working patterns, economic uncertainty and the growth of flex space.
In Jersey, it’s almost the reverse. Supply is tight, prime vacancy sits at around 1.5%, and once tenants find the right space, they tend to secure it for the long term.
From an investor’s perspective, that creates a clear point of difference. Office income in the Channel Islands looks longer, more secure, and structurally different to the UK.
We’ve explored this in more detail in our latest research report. Worth a read if you’re looking at office exposure across both Jersey and Guernsey.
