_Office take up in Manchester this year could reach 1.5m sq ft for the first time on record
Office take up in Manchester this year could reach 1.5m sq ft for the first time on record
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Latest data from the Manchester Office Agents Forum shows lettings have already surpassed 2017 levels and demand continues to be strong.
Take up in Q3 reached 479,637 sq ft and included the pre-letting of 225,000 sq ft at St Johns Goods Yard to Booking.com. – the largest single letting since 2010.
Mark Bamber, partner, Knight Frank Manchester, said: “With take up so far now standing at 1,248,337 sq ft we have already exceeded 2017’s total and we could break 1.5m sq ft for the first time on record.
“This reflects the strength in depth and sheer range of Manchester occupiers and in particular the continued burgeoning demand from Tech occupiers drawn to Manchester with its excellent talent pool and leisure facilities.
“This demand is underpinned by the growth in the residential sector which makes Manchester one of the most affordable and liveable cities in Europe –a key factor for attracting and retaining staff.”
South Manchester is also seeing records broken with Royal London’s deal at Alderley Park to occupy circa 140,000 sq ft. and take up on track to be the strongest for a decade.
Lettings have also been strong at Salford Quays and Trafford with office take-up on course to also top last year’s levels.
For more information, please contact Jill Burdett at jillburdett@hotmail.com or 0161 834 9236.
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