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.

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“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.

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Aerial view of a contemporary office park with lush trees and a nearby river.
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.”

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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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