The Big Nine Q2 2013

There is a significant amount of optimism in the regional office markets as the upturn in confidence and recently more stable economic position filters into occupiers’ business plans.

There is no doubt that the levels of incentives and lease flexibility are in themselves creating demand but as each city sees Grade A take-up increasing and stock decreasing there are clear signs that landlords with the better quality stock are already beginning to revise their positioning.

Carl Potter, National Head of Offices

• Total take-up in Q2 across the nine cities was 7% above the five-year quarterly average at 1,730,000 sq ft.
   
• City centre take-up made up 67% of the total at 1,161,000 sq ft, 14% above the five year quarterly average.
   
• Out-of-town take-up was 5% below the quarterly average at 569,000 sq ft.