How Hybrid Working is Shaping Exeter’s Property Market

The rise of hybrid working has transformed how and where people live and work. In Exeter, this shift is influencing both the commercial and residential property markets, creating new opportunities and challenges for tenants, landlords, and investors alike.

Surge in Demand for Coastal Office Spaces

Hybrid working has led to a significant increase in demand for flexible office spaces in coastal towns, including Exeter. According to recent reports, footfall in Exeter's coastal office locations has risen notably over the past two years. This trend is driven by professionals seeking to relocate to more attractive coastal areas while maintaining access to professional workspaces.

In response, flexible workspace providers have expanded their presence in Exeter, offering modern, tech-enabled environments that allow workers to maintain productivity while enjoying the benefits of coastal living.

Impact on Exeter’s Housing Market

The influx of remote and hybrid workers choosing Exeter as a base has had a noticeable effect on the local housing market. While overall property price growth has remained modest due to an increase in housing supply, demand for homes in popular coastal and riverside areas remains strong.

Areas such as St Leonards and Exeter Quayside have seen increased interest, with buyers and renters attracted by scenic views and proximity to flexible workspaces.

Adapting to New Work Patterns

To meet the changing needs of the workforce, Exeter is seeing vacant commercial buildings being repurposed into modern work hubs. Developers are transforming underused office and retail spaces into flexible, technology-equipped work environments designed for hybrid professionals.

These projects not only help preserve the city’s architectural character but also support economic regeneration and sustainability goals.

Looking Ahead

As hybrid working becomes an enduring part of the work culture, Exeter’s property market will continue to evolve. Demand for flexible office spaces and attractive residential locations near the coast is expected to grow, influencing property values and investment opportunities.

For tenants, landlords, and investors, understanding these trends is essential to making informed decisions in Exeter’s dynamic property market.