Record take-up for Crawley office market in Q1 2022

Record take-up for Crawley office market in Q1 2022
SHW has recorded a record level of take-up in the Crawley office market, with approximately 78,000 sq ft let so far this year, and an additional 70,000 sq ft under offer.
This brings the long-term, average take-up to 130,000 sq ft, compared with 57,000 sq ft let/sold each year in 2020 and 2021.
As part of these Q1 figures, SHW has just concluded Crawley’s largest single office letting in three years at Atrium Court. The whole 33,978 sq ft office building has been let to Bramble Energy on a new 10-year lease at a rent of £15 per sq ft.
Atrium Court is a newly refurbished and remodelled office building providing ground and first floor accommodation with exceptional on-site parking. The property has new raised floors, air conditioning, LED lighting and a feature atrium.
With Crawley in a strategic position served by the M23 which links to the M25 in the North and Brighton to the South, Atrium Court is situated conveniently adjacent to Junction 11 of the M23 in leafy surroundings.
Savills acted jointly with SHW on the letting at Atrium Court for the building owners, Tri7.
Adam Godfrey, Senior Partner at SHW, comments: “Vacancy rates in Crawley are now running at 14% down from 16.5% at the beginning of 2022. This resurgence in demand bodes well for the town’s latest office building – The Create Building – which is currently under construction ad due for completion in June this year, providing up to 77,000 sq ft of brand-new Grade A space in the heart of Crawley.”
Located in the centre of the Gatwick Diamond, The Create Building is a nine-storey, Grade A office headquarters. Newly built in Crawley’s town centre Regeneration Quarter, the development offers easy access to cafes, restaurants, gyms, and the green space of the Memorial Gardens. With excellent links via road and rail to London and Gatwick Airport, Crawley is already home to household names such as Irwin Mitchell, Chubb, Travelopia, Spirent and Grant Thornton.
With a targeted BREEAM rating of excellent and an EPC of B, and parking at 1:350, The Create Building will provide super-efficient workspace.
SHW and Savills are also Joint Agents for The Create Building.