The Big Nine - Quarterly Review of The Regional Office Occupier Markets, Q3 2012
A number of cities have seen an increase in smaller secondary transactions but larger Grade A deals are taking longer to mobilise. The out-of-town market is currently performing better than city centres but this may change as larger deals complete towards the end of 2012. Overall take-up is forecast to end the year consistent with levels over the last three years at over 6 million sq ft. Carl Potter, National Head of Offices
- City centre and out-of-town take-up in the nine GVA regional office centres achieved 1,520,000 sq ft in Q3, 4% below the quarterly average
- The city centre markets made up 60% of this total, with 903,000 sq ft of deals, 10% below the quarterly average
- The out-of-town markets recorded take-up of 617,000 sqft, 7% above the quarterly average
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