Regus [3]: Lack of high-quality flexible workplace space in Brighton and Hove
Brighton and Hove has seen significant growth in flexible membership workplace initiatives with offerings from Regus, Platf9rm, and The Werks Group, according to a Stiles Harold Williams Partnership LLP Brighton agency team report. However, while headline rents of £28/sq ft have been achieved, lack of supply could hamper mid-term growth; there is roughly 4.8 million sq ft of offices in the area but limited vacant space, especially higher-quality space. Planning has been given McAleer & Rushe to build 60,000 sq ft of new Grade A office space; the group developed the new build office-only CityView, which opened last year. 

Supply issues clouding otherwise sunny outlook.

High-end offices such as CityView (pictured) and Mocatta House have proved to be a big hit in Brighton.

Brighton & Hove’s office market reveals a vibrant commercial city restricted by a lack of new space.

Stiles Harold Williams Partnership LLP Brighton agency team report:

There is a total of circa 4.8million sq ft of offices in Brighton & Hove

Currently only 150,000 sq ft of this lies vacant. Much of this is low quality so the real vacancy rate is nearer 3

Space on the periphery of the city is vulnerable to residential conversion

60,000 sq ft of new Grade A office space has been given planning permission to be built by McAleer & Rushe, who were behind CityView, the highly successful new-build development adjacent to Brighton Station opened last year

CityView was the first speculative office-only new build development in the city for 20 years

Since then a further 40,000 sq ft was refurbished by Aberdeen Asset Management at Mocatta House, Trafalgar Place

Headline rents of £28 psf have been achieved, but lack of supply could stifle further mid-term growth

There has been significant growth in flexible membership workplace initiatives with offerings from Regus, Platf9rm and The Werks Group

Agency director Emma Hards said: “The office market in Brighton is strong with a real variety of occupiers looking for new space and/or expanding. There is a real lack of supply, especially of good quality space and if more were available there are the occupiers to take it! As a city it is important we look at ways to provide good quality space for occupiers in order to both keep existing business in the area and attract new business to Brighton.”

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