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CoStar Analysis: Which city in the South West has the lowest office vacancy rate?

Of the eight cities in the region, Wells has the lowest vacancy rate and Salisbury the highest, according to CoStar’s latest data
By Rad Radev
CoStar Analytics
December 5, 2019 | 8:53 AM

South West England is the largest of the nine official regions in England and includes eight cities: Bath, Bristol, Exeter, Gloucester Plymouth, Salisbury, Truro and Wells. The region has been experiencing strong office demand over the past seven years, which coupled with a dearth of new supply and rise in office conversions to alternative uses, has caused vacancies to compress. But recent performance has differed across the eight cities, with current vacancy rates ranging from less than 1% to close to 8%.

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