Spotlight: 

Bristol Cross Sector

Bristol Cross Sector
Bristol Cross Sector

21 April 2016, by Susan Emmett

Bristol must address its housing and workplace shortfall to continue its economic growth

■ Bristol’s economy has grown faster than other cities outside of London. Robust demand for homes has pushed up house prices in Bristol by 11% over the past year, outpacing the national average.

■ Wider Bristol needs a very minimum of 84,364 new homes by 2036 and would suffer from a potential future shortfall of at least 1,234 new homes a year, if current rates of building continue.

 

■ There is also an undersupply of new office space, with only one year’s worth of Grade A supply available. Failure to meet demand may inhibit growth prospects of local businesses and make it harder to attract new companies.

■ Bristol has seen the highest number of applications granted for office to residential conversions outside London. However, we expect to see a shift in this trend as growth in office rents means commercial refurbishment is attractive again.

■ Bristol needs to grow to accommodate its rising population. Co-operation with neighbouring local authorities is key. At least 30,000 new homes are currently being planned for or developed in the city’s immediate surrounding areas.

Articles from Spotlight: Bristol Cross Sector – 2016

Strong Growth Boosts Demand

Bristol needs to build more homes and workspace to ensure economic growth continues

Office Or Residential?

21 April 2016

Office Or Residential?

As office rents start to grow once more, we analyse the conversion conundrum in the city centre

Where Next For Development?

Bristol is in a good position to make the most of future growth opportunities both in its city boundaries and beyond

Outlook For Bristol

21 April 2016

Outlook For Bristol

Bristol needs to grow to accommodate its rising population

 
 

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Key contacts

Susan Emmett

Susan Emmett

Director
Residential Research

Savills Margaret Street

+44 (0) 203 107 5460

 

Lucy Greenwood

Lucy Greenwood

Associate
Residential Research and Consultancy

Savills Margaret Street

+44 (0) 20 7016 3882

 

Clare Bailey

Clare Bailey

Associate Director
Commercial Research

Savills Margaret Street

+44 (0) 20 7409 8863

 

Mike Barnes

Mike Barnes

Research Analyst
Commercial Research

Savills Margaret Street

+44(0) 203 107 5459