Supply issues as office market thrives

Supply issues as office market thrives

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Despite the brisk market for office accommodation in the Surrey town of Weybridge, a property expert has described it as ‘polarised’.

Charlie Nicholson, regional managing partner for property consultancy Vail Williams, said the town’s unique blend of high-quality, competitively priced office accommodation and exceptional connectivity underpinned demand.

“However, we are seeing office outcomes in Weybridge become increasingly polarised. Buildings that have benefitted from investment continue to perform strongly; meanwhile older or less flexible stock has experienced slower rates of absorption. That’s why building specification and presentation matter more than ever,” he said.

The Heights, Weybridge in Surrey

“There is also a clear shortage of modern, fitted Cat A+ and ‘oven-ready’ accommodation, particularly at the smaller end of the market. Suites within the 1,500 to 10,000 sq ft range are experiencing sustained levels of demand, but availability remains limited.”

Nicholson, who has more than 20 years’ regional commercial property experience, added: “Where landlords have invested in high-quality fitted office space in Weybridge, results have been encouraging. The multi-let buildings at The Heights demonstrate that when space is delivered in the right format conventional offices can and do let well here.

“This creates a clear opportunity for landlords and investors. Splitting larger floorplates and committing capital to Cat A+ refurbishments is making the difference between space sitting idle and space letting quickly.”

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