Cushman & Wakefield’s purchase of DTZ paid dividends in EGi’s Newcastle office league table, where it easily took the top spot in the North East.
It was more than 30,000 sq ft ahead of number two, Knight Frank, and acted on two of the three largest deals of the year to July – 35,000 sq ft at the Rocket in the Stephenson Quarter to Convergys, and 15,155 sq ft of Central Square to Orchard Systems.
Further down the table there was more competition, as take-up dropped by a fifth to 269,126 sq ft, and deal numbers fell by 28% to 67.
Bilfinger GVA slipped from second to fourth and BNP Paribas Real Estate to seventh, while LSH, Gavin Black and Partners and Naylors all held their positions.
Key stats
Total space disposed (2016)
269,126 sq ft
Average deal size
4,017 sq ft
Take-up
Top 10 agents account for 96%
Deal volumes
Down 28%
Largest deal
35,000 sq ft across three floors at the Rocket building, Stephenson Quarter, by C&W and Knight Frank to Convergys
Sanderson Weatherall
Shifting up the table from seventh to third, Sanderson Weatherall was the fastest riser for the quarter. Its 14 deals were down on last year’s 23, but in a slower market made all the difference
Everyone
Not one agent managed to increase take-up in the year to July on the previous year, but then the record amount of offices converted sold for non-office uses did have a large impact
