Many entrepreneurs and corporations recognize modern Guildford as a location for successful regional and international businesses. It results in a positive performance in the office market. The supply of office spaces in Guildford continuously increases, nowadays staying at around 400 thousand sq.ft. New workspaces are generally delivered by the process of the refurbishment of the existing stock in order to increase the proportion of Grade A offices. Around seven years ago, Guildford didn't have any relevant proposal of the prime workspace. Up to now, the amount of such venues has increased by 65%. Guildford's economy is quickly developing its tech sector. Thus, the landlords try to meet the requirements for workspaces that don't exceed 5 thousand sq.ft. The total office space availability in Guildford nowadays is more than 400 thousand sq.ft. Analyzing the take-up for the last decade, such amount will be able to cater to the needs for around 4-6 upcoming years. The focus on SMEs and the growth of the tech sphere provides a stable basis for the leasing activity in the office market in Guildford, despite the lack of more extensive requirements.
