Why office space in Cardiff is so competitive
Today, businesses know that attracting and retaining talent is critical. Naturally, working environments play an important role in this, which is why occupiers actively seek buildings that offer more than just space.
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This ‘war on talent’, combined with the rise of employee wellbeing has forced office providers and developers to offer access to gyms, cycle storage and showers to become the norm for every best-in-class workspace.
Likewise, buildings with ground floor retail and vibrancy, high-end coffee shops and an eclectic range of facilities have a particular appeal and double as informal workspaces for many.
Developers have been responsive to this trend but how does the newly built stock of Cardiff truly align with the needs of the modern occupier?
The best offices in Cardiff
Cardiff’s office landscape is highly competitive, with many of the best offices in the city offering car parking, vehicle charging, showers, lockers, gym facilities, bike storage unit, 24 hour access, terrace or balcony space, excellent EPC ratings and retail and leisure space. Below is a list of some of Cardiff’s best offices, and their rating according to The Cardiff Report.
1. John Street, Callaghan Square, rated ‘Excellent’, with an EPC rating of A
2. Interchange, Central Square, rated ‘Excellent’, with an EPC rating of A
3. 1 Central Square, Wood Street, rated ‘Excellent’, with an EPC rating of B
4. Number 2, Capital Quarter, rated ‘Excellent’, with an EPC rating of A
5. 1 Canal Parade, rated ‘Excellent’, with an EPC rating of A
6. Number 3, Capital Quarter, rated ‘Excellent’, with an EPC rating of A
7. Central Square, Wood Street, rated ‘Excellent’, with an EPC rating of A
8. Broadcasting House, Wood Street, rated ‘Outstanding’, with an EPC rating of A
9. Capital Quarter, Tyndall Street, rated ‘Excellent’, with an EPC rating of A
What does the future hold for occupiers?
The focus for businesses is shifting rapidly. Employee retention is entering a new phase and will redefine how office space is used through several key themes.
Firstly, the modern workforce is far more health conscious than it used to be, and spaces must support a holistic range of facilities, including wellbeing and vitality.
Likewise, the rise in multi-generational talent will mean that health related facilities such as drop-in surgeries, dentists and physiotherapists will also grow in demand.
Finally, the rising popularity of learning on the job and growing skillsets will call for spaces to be dedicated to online learning, business and education initiatives.