Led by Matt Lenzie, ex-Lloyds Bank and Bank of Scotland, we arrange commercial mortgages, bridging finance, and development finance for property professionals across Exeter and Devon.
Direct relationships with executives and board members of the UK's leading lenders
Former Lloyds Bank and Bank of Scotland professionals who understand lender criteria inside-out
Direct relationships with lender decision-makers for faster approvals and better terms
Proven success arranging complex commercial property finance across the UK
“Regional capital with strong university. Science Park driving tech growth. Quayside established as destination.”
— CMB Market Analysis
Exeter Quay; Science Park expansion; bus station development
| Property Type | Prime / Grade A | Secondary | Market Range |
|---|---|---|---|
| Office | £20 psf | £9 psf | £9 - £20 psf |
| Retail / Shop | £42 psf | £26 psf | £26 - £42 psf |
| Industrial | £6 psf | £4 psf | £4 - £6 psf |
Market estimates based on Q1 2026 regional benchmarking data. For accurate valuations, contact us for a detailed assessment.
Indicative gross yields. Actual returns depend on property condition, lease terms, and tenant covenant strength.
Investor appetite for Exeter commercial property remains strong, with office & professional services assets attracting the most interest.
Representative transactions reflecting current market activity. Prices are guide values based on comparable evidence.
Serviced office premises, town centre
High street retail unit, St Thomas
Modern industrial unit, trade estate
Former commercial premises with PP for conversion, City Centre
20-bed residential care facility, City Centre
7-unit converted residential building, Topsham
Retail unit with 2 flats above, St Thomas
Market estimates based on Q1 2026 regional benchmarking. For accurate valuations, contact us.
Founder & Principal Broker
With a career spanning Lloyds Bank, Bank of Scotland, and a partnership in a corporate finance business, Matt brings institutional-grade expertise to every deal in Exeter. Currently a board advisor to a pension administrator and trustee with £3.9bn of assets under advisory, Matt has raised over £300m of capital for property professionals across the UK.
View Full ProfileExeter presents development opportunities linked to Exeter Quay. Growing demand from the Higher Education sector is creating opportunities for purpose-built commercial space and conversion projects. Strong transport links enhance viability for mixed-use and residential-led schemes.
Strong appetite across sectors. Student accommodation and offices favoured.
Our team has experience in Devon property finance markets.
Exeter is the county capital of Devon with a thriving university and strong regional economy. The commercial property market benefits from strong demand across Higher Education, Healthcare, Retail sectors, creating diverse occupier interest and reducing single-sector risk. With average yields of 5.5% and 18.5% price growth over five years, Exeter offers compelling returns for commercial property investors. Excellent connectivity via Exeter St Davids mainline supports tenant demand and underpins long-term property values. Ongoing regeneration activity, including Exeter Quay, further enhances the investment outlook and signals sustained public and private sector confidence.
Limited stock of institutional-grade commercial property in Exeter means investors often need to consider value-add strategies. Planning timelines and local authority capacity can extend development schedules beyond initial expectations.
Exeter's commercial property landscape has been shaped by Exeter Quay. Growth in the Higher Education sector has driven notable investment activity, with occupier demand supporting new development and refurbishment projects across the area.
Planning applications in Exeter are managed by Devon council, which has adopted a pro-growth stance supporting commercial and mixed-use development. Local plan policies favour brownfield regeneration and town centre investment, with a streamlined approach to permitted development rights for office-to-residential conversions.
Commercial property news for Exeter will appear here once available. Check back soon for the latest market updates.
We provide commercial mortgages, bridging finance, and development finance throughout Devon.
Commercial mortgage services available across Exeter and surrounding areas. View larger map
Office rents in Exeter range from approximately £9 per square foot for secondary space up to £20 per square foot for Grade A accommodation. Grade B office space, which represents the bulk of the market, typically commands around £16 per square foot. These figures are based on Q1 2026 regional market benchmarking.
Investment yields in Exeter vary by property type and grade. Current indicative yields are: offices at 6.22%-7.41%, retail at 7.27%-8.91%, industrial at 5.07%-7.05%, residential single-let at 6.99%. Prime yields are typically lower, reflecting stronger covenant strength and location quality. Contact us for a detailed yield analysis for your target property type.
Exeter's commercial property market includes offices, retail units, industrial premises, residential investment blocks, care homes. We arrange finance across all commercial property types, from standard office and retail purchases to specialist assets requiring tailored lending solutions.
Residential investment blocks in Exeter typically trade at around £91,540 per unit, or approximately £267 per square foot. Blocks of 4-24 units are the most common size bracket for private investors. Yields for single-let apartments average 6.99%. We can arrange commercial mortgages for blocks of 4+ units through specialist BTL lenders.
Care homes in Exeter typically trade at around £52,180 per registered bed. A typical 46-bed home would therefore be valued between £1.0m and £3.1m. Care home financing is specialist in nature and we work with lenders who understand the operational and regulatory requirements of the sector.