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Guernsey Commercial Q1
Property Market Review

This review looks back at the first three months of the year across our core commercial sectors—Office, Industrial, and Retail—highlighting key transactions, metric shifts, and emerging trends.

Number of Active Properties
32
Total Stock Vacancy Sq Ft
47,000
Properties Rented
8
Number of Valuations Done
35
Properties Sold
5
Average Value of Properties Sold
£1,168,000
RPI
3.72%
Base Rate Prediction
3.25%
Average Industrial Unit Size Sq Ft
6,000
Average Office Unit Size Sq Ft
2,800

First Quarter Summary

We saw strategic repositioning as businesses streamlined footprints or upgraded spaces. Quality, location, and true-to-market pricing continue to be the primary drivers of successful transactions. Sed urna tortor aliquam interdum eget feugiat lectus nunc sit. Ullamcorper scelerisque eu auctor eget sagittis bibendum eu. Sodales vel nibh dui vivamus etiam mauris eget dictumst nunc. Sit posuere et tortor.

Featured properties let and sold in Q1

"Guernsey’s commercial sector is proving its structural resilience as we head deeper into 2026. The story of Q1 isn’t about a drop in demand—it's an absolute race for premium efficiency, modern ESG compliance, and flexible lease structures."

Joanna Watts, Managing Director

Sector Takeaways: What You Need to Know

The Office 'Flight to Quality': Institutional tenants (legal, banking, and private wealth) are bypassing dated spaces. They are willing to pay a premium for prime, energy-efficient offices in St Peter Port to attract top-tier talent.

Industrial Supply Squeeze: Light industrial and warehousing spaces remain under severe supply pressure. E-commerce storage and local logistics are snapping up space instantly, keeping upward pressure on rental values.

Town Centre Repositioning: Underutilized, older secondary buildings are being purchased to be creatively refurbished into industrial-style boutique workspaces for smaller local firms.

The Shift to Agile Leases: The historic, unbroken 15-year commercial lease is being replaced by shorter baseline terms (3–5 years) and structured tenant break options.

To discuss a formal RICS Red Book valuation, an upcoming rent review, or asset management strategies for your portfolio, contact the Watts Property Consultants team today.

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