The Big Nine - Quarterly Review of the Regional Office Occupier Markets, Q1 2013
It is encouraging to see an increase in development activity in the regional office market and developers and investors showing greater interest. In what is typically the slowest quarter, Q1 take-up activity has performed 19% above average, with stronger activity out-of-town particularly in Manchester and Newcastle. Manchester, Leeds and Bristol saw strong take-up in the
city centre markets.
• Total take-up in Q1 across the nine cities was 19% above the quarterly average at 1,917,500 sq ft.
• City centre take-up made up 57% of the total at 1,096,800 sq ft, 9% above the quarterly average.
• Out-of-town take-up was 37% above the quarterly average at 820,700 sq ft.
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