Office take-up in Bracknell has risen to 112,321 sq ft so far in 2023, a figure currently higher than Reading.
Reading has done 100,000 sq ft of deals although the anticipated move of Wood Group to Green Park may be announced before the end of the year.
Like Reading, many of Bracknell’s deals have involved firms signing new leases on existing space or moving within the town.
Andrew Baillie, associate at property consultancy Vail Williams, which acted on more than half the deals in Bracknell, believes the return of workers to the office, insisted upon by some employers, is a factor.
He said: “There has been a complete re-think about what businesses need from their office space and where their base is best located.
“This has led many occupiers to take new leases in different geographical locations or in buildings offering a better standard and quality of space, with a blend of amenities and break out spaces.
“Thankfully for Bracknell, this is something that the town boasts in abundance, as investors have been quick to react to occupier demand for Grade A quality, fully-fitted and furnished office space.”
Scholl, Nielsen Media Research, Tempestas Capital, Chartered Institute of Builders, Allium UK, Basis Technology, Curve Workplaces, Brickability and Evelyn Partners have all done office deals in Bracknell this year.
Vail Williams acted on three deals for landlord Sheik Holdings, on more than 7,500 sq ft at The Lightbox (pictured). Rents across Bracknell have ranged from £25 per sq ft to £36.50.
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