Two towns are symbolic of the M3 market with the lowest rents in the Thames Valley. Basingstoke is the lowest at £193.68 followed by Bracknell at £215.20 a sq.metre (£20 a sq.ft.), Simon Fryer of Fryer Commercial does not accept the current pessimism about Bracknell. “Rents have tumbled which has brought the desired effect of producing sales and lettings,” he said. “Take up was 17,651 sq.metres (190,000 sq.ft.) in 2010 and so far this year we have done 4,465 sq.metres (50,000 sq.ft.), half of that to Symphony IRI at 1 Arlington Square and another large chunkto Riverbed Technology at 1 Thames Valley House.”
Fryer said: “There is plenty of supply and Bracknell is the best value town in the Thames Valley. The improvement will be helped by the town centre regeneration which has now got underway.”One major building coming onto the market in Bracknell is the 9,002 sq.metres (96,900 sq.ft.) 5 Arlington Square which is being marketed by Lambert Smith Hampton and Knight Frank. Unusually, it has a Tier 2 data centre which cost £10 million to install and makes the building an attractive proposition for technology, media and telecommunications companies. Knight Frank‘s Will Foster said: “Bracknell is a key Thames Valley office centre and such high grade space that is not only available, but already fitted out and geared to the needs of the 21st century occupier, will differentiate it from much of its competition.”
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