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Bristol Office Space Guide

Opening an Office in Bristol

[Updated Jan 2020] A guide to serviced offices and office space for rent in Bristol as well as general information that may be useful if you are thinking of renting office space in the city.

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History & Geography

Bristol, the largest city in southwest England, is located on the Severn Estuary among the hilly country near the Rivers Avon and Frome. It is bordered by the Avon Gorge to the west and the Cotswolds to the east. While historical records reveal that there were numerous Iron Age forts in the area as well as settlements during the Roman era, Bristol was officially founded in 1000 CE and quickly grew to become an important centre of trade and commerce. By the late 11th century the town had been heavily fortified against invasion from Ireland, and later under Norman rule was the site of one of the largest castles in England. In the 12th century, the city’s port grew significantly off trade with Ireland, becoming one of the most important in the country. Later Bristol built up a larges shipbuilding and manufacturing industry. In the 14th and 15th centuries, the town’s population was devastated by the Black Death which severely checked Bristol’s growth. Nevertheless, the port of Bristol continued to thrive and saw many important voyages launched from it, including John Cabot’s voyage to North America. During the English Civil War in the 17th century, the city was occupied by Royalist forces who built a large fort. In the 18th century, Bristol was an important link in the slave trade and trade with North America. Later in the 19th century, Bristol continued to prosper from its shipbuilding industry and was associated with famous engineer Isambard Kingdom Brunell who built the SS Great Britain and SS Great Western in Bristol, as well as the nearby Clifton Suspension Bridge. In 1909 the University of Bristol was opened and the city’s population continued to swell. Bristol was badly damaged during WWII by the Luftwaffe and large parts of the city had to be rebuilt after the war. Today the city is an important centre of media and the creative industries and one of the most diverse cities in the UK.

Economy

Bristol has one of the strongest economies of any city in the UK, with a GDP regularly in excess of GBP 10 billion and a GDP per capita at about 40 percent more than the UK average. The Port of Bristol still plays a large part in the city’s economy, with the port being the largest importer of cars to the UK. Approximately 12 million tonnes of cargo go through the port every year and imports of wine, spirits and tobacco are especially large. Bristol’s economy is also very reliant on the aerospace and defence industry. The city is the site of the Defence Equipment and Support, the procurement agency of the Ministry of Defence, employing thousands of people in the area. The financial services sector is also a major employer in the city, as is the hi-tech industry. There are approximately 50 micro-electronics and silicon design companies in Bristol as well as the Hewlett-Packard national research laboratories. Bristol also has a large retail industry and is a popular destination with tourists from the rest of the UK and Europe.

commercial property in Bristol

Bristol as a Business Location

Tourism & Culture

Bristol is renowned for its music and film industries as well as its urban art scene and nightlife. Among the famous bands originating in Bristol are Glaxo Babies and The Pop Group. The city inspired the ‘Bristol Sound’ also known as trip-hop and is the home of bands Massive Attack and Portishead and the artist Tricky. Famous graffiti artist Banksy also hails from Bristol and many of his pieces can still be seen in the city. Bristol also has a host of popular live music venues such as the Trinity Centre, Victoria Rooms, Bristol Academy and St George’s Bristol. There is also a thriving theatre scene in the city, with the most famous venues being the Bristol Old Vic and The Tobacco Factory. While many of Bristol’s oldest buildings were destroyed by bombing in WWII Bristol still retains many buildings from as far back as the middle ages. There are 51 Grade I listed buildings in the city and on the outskirts are many Tudor mansions built by the wealthy merchants of the city. Several of the more famous museums in Bristol are the Bristol City Museum and Art Gallery and the Bristol Industrial Museum, which has preserved dock machinery.

Transportation

There are two main railway stations in Bristol, consisting of Bristol Temple Meads, which is located in the centre and includes service to London Paddington. The second is Bristol Parkway, located slightly north of the city and serving Cardiff, London and Birmingham. Bristol Airport is the ninth busiest in the UK and has recently had extensive refurbishment carried out. In Bristol itself the most common and popular form of transport is the bus system, however, it has been criticised as being expensive and inefficient. Many residents of the city use personal vehicles and Bristol suffers from congestion.

Office Rental in Bristol

Serviced Offices in Bristol

Office space to rent in Bristol

Demand for office space in Bristol has been increasing significantly over the last year or so. Currently, the city has a supply of 2.38 million square feet with approximately another 100,000 square feet under construction. City centre rents are at an average of GBP 27.50 per square foot per year. There is a vacancy rate of 15 percent in the city centre, however, this has been forecast to drop in the coming year. The area surrounding Bristol also offers a fair amount of office space, set to increase when the Bristol and Bath Science Park is completed.

 

 

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