Office uptake in 2025 was slow in Wales, but well-located, prime stock is still attractive to occupiers and investors alike. We highlight some of the most attractive spaces currently on the market.
The office market in Wales is showing cautious recovery in 2025 but also clear polarisation: strong demand for high-quality, refurbished city centre space, while older, secondary stock faces rising vacancy and repurposing pressure. According to Rightmove’s Commercial Insights Tracker, overall office demand in Wales was up 16%, in Q3 of this year compared to the same period in 2024.
Knight Frank’s UK Cities review highlights that new and Grade A space accounted for a growing share of take-up across regional markets in H1 2025, underlining tenant preference for modern, amenity-rich buildings.
In Cardiff — Wales’s dominant office market — it’s been subdued so far this year. Savills recorded that Cardiff’s first-half 2025 take-up was around 133,843 sq ft across 34 transactions and that overall availability rose to about 1.3m sq ft by the end of Q2.
JLL agreed that leasing activity started slowly in the first half of 2025, noting “the leasing market witnessed a slow start to 2025 with just 30,000 sq ft let,” reflecting the absence of large deals and a market waiting for a few transformational lettings to reset momentum.
Savills recently released third quarter statistics provide some comfort. Uptake in Cardiff during Q3 totalled 53,389 sq ft, which was 34% higher than the previous quarter and was achieved through 18 transactions. However, it should be noted that take-up in Q1–Q3 totalled 187,232 sq ft, which was still down on the long-term averages.
Rents and investor attention are similarly divided. Prime, well-specified buildings in Cardiff are seeing rental resilience and continued investor interest, while secondary offices face pressure from higher refurbishment costs and weaker demand — a dynamic Knight Frank describes as widening “market polarisation.”
In the medium term, expect demand to concentrate on high-quality, net-zero capable offices that support hybrid working, while landlords of older stock will need refurbishment, repurposing or discounted pricing to compete.
Below, we highlight some of the most attractive offices available to lease in Wales.
Tec Marina, Terra Nova Way, Penarth Marina, Cardiff – marketed by Tec Marina
Image provided courtesy of Tec Marina
With over 30 private fully-furnished serviced offices, ranging from extra small to extra large, Terra Nova Way offers options to suit a range of different business needs. Located just five minutes’ walk from the train station, the development also benefits from a free nearby car park, as well as on street parking.
In addition to the picturesque marina, the area benefits from a supermarket and multiple cafes, pubs and restaurants. The building itself, meanwhile, boasts a large, modern gym equipped with both cardio machines and weights, as well as showers and changing facilities. With free, barrister quality, bean to cup coffee and multiple communal breakout spaces available to all tenants, in addition to semi-private sitting areas complete with screens.
Tramshed Tech, High Street, Swansea, marketed by Tramshed Tech
Image provided courtesy of Tramshed Tech
Situated in the historic Swansea Palace Theatre, Tramshed Tech offers a vibrant, ultra-connected workspace designed for everyone from freelancers and startups to growing and scaling businesses. The Swansea hub blends historic character with modern convenience, providing hot desks, flexible offices and access to the wider Tramshed Tech network.
Tenants benefit from full access to Tramshed Tech’s five locations across Wales, including Swansea, Cardiff, Newport and Barry, with all utilities included in the rental fee (electricity within a reasonable allowance). Members also have use of a fully serviced kitchen with complimentary tea and coffee, plus a discount at the onsite café, Da Coffi.
Across its five sites, Tramshed Tech provides a range of bookable meeting rooms and hosts regular community events, from monthly breakfast clubs to working lunches and wider networking opportunities.
71/72 The Kingsway, Swansea, marketed by JLL
Image provided courtesy of JLL
71 / 72 The Kingsway, extending to 104,000 sq ft has been developed by Swansea Council and forms part of the Swansea Bay City Deal regeneration project with the key objective to target high skilled employment in Swansea city centre. The highly successful scheme is already 80% let to key occupiers, including, TUI, Futures First, Regus Flex Space and Optical Express.
It offers excellent digital connectivity enabled office workspace and flex-space with sustainability being core to the overall specification and design. The building has ‘BREEAM Excellent’ and ‘EPC A’ credentials.
The landmark building provides unique internal and external spaces with an impressive reception, roof top terrace, glazed internal atria, dedicated event areas, meeting spaces as well as ground floor retail / food and beverage opportunities.
Brunel House 2 Fitzalan Road, Cardiff, marketed by Office Freedom
Image provided courtesy of Office Freedom
Located in Brunel House near the Castle Quarter and residing at the top of the high street, this workspace is well positioned for transport links and is close to some of the city’s best restaurants, cafés and bars. It’s a 4-minute walk to Queen Street station and a further 10 minutes to Cardiff Central station.
Offering beautifully designed and fully serviced offices, this workspace is the perfect solution for growing businesses that need professional workspaces and flexibility with monthly rolling contracts. With offices of varying size, at a prestigious company address with one fee to cover everything.
Offices can be occupied at speed, with as little as 24 hours from enquiry to move in. They come fully furnished with access to large mixed-use breakout areas; lounges for relaxing or informal conversations, kitchens with coffee and tea, telephone booths for private calls and communal tables for collaboration.
Space2B @ The Maltings, East Tyndall Street, Cardiff, marketed by Space2B
Image provided courtesy of Space2B
Located in the heart of Cardiff, Space2B @ The Maltings offers facilities including free parking and an on-site gym. The serviced offices are fully customisable to suit business needs and preferences, whether a business requires an open-plan layout or individual private offices.
Tenants benefit from free tea and coffee, all inclusive bills (excluding Wi-Fi) and access to creative spaces, while the building’s co-working facility also offers free tea and coffee, as well access to smart TVs and breakout areas and onsite parking. Flexible meeting room hire options are also available.
Interface, Station Quarter, Newport, marketed by Cooke and Arkwright
Image provided courtesy of Cooke & Arkwright Ltd
Interface is the next stage of the Station Quarter development by Scarborough Group and will deliver a new six storey Grade A office building of 53,075 sq ft located in the heart of Newport city centre adjacent to the train station and bus interchange.
The development has been designed to suit the needs of modern office occupiers and can be tailored to suit the specific needs of incoming occupiers. It is already home to Admiral House, which was built for Wales’s largest insurance business in 2013 and now accommodates 1,000 staff.
33-35 Cathedral Road, Cardiff, marketed by Office Freedom
Image provided courtesy of Office Freedom
Cathedral Road is situated in Cardiff’s prestigious Victorian conservation area, just 10 minutes walk from Cardiff city centre and across the road from the parkland of Sophia Gardens. In terms of accessibility, the property is on a bus route with direct access to the central train and bus stations – about 15 minutes’ walk away – and also a five minute drive from the A48 linking to M4 motorway.
The property comprises a four-storey purpose built office building with a multi-storey car park at the rear. The multi-tenanted building encompasses a total of 23,238 sq ft of office space, 7,000 sq ft of which is currently vacant and available under traditional lease or alternatively under all inclusive licence arrangements.
Sources:
- Rightmove Commercial – Q3 Insights Tracker
- Knight Frank — UK Cities Office Mid-Year Review Q2 2025
- Savills — Market in Minutes: Cardiff occupational office data (Q1 & H1 2025)
- JLL — Cardiff Office Market Dynamics
- Savills – Market in Minutes: Cardiff Occupational Office Data Q3 2025
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