The firm leading EG’s Manchester office agents league table hasn’t held the top spot since 2014.
But involvement in one of the biggest deals of the past 12 months has seen CBRE return to pole position, beating JLL which has spent two years at the top of the table.
The 165,000 sq ft letting to Swinton Insurance at 101 The Embankment was the key driver, making up a significant portion of CBRE’s 353,000 sq ft of deals. It also made up almost 60% of joint agent Cushman & Wakefield’s space disposed.
The Embankment wasn’t the only major deal of the year, with 94,000 sq ft being agreed with AJ Bell at 4 Exchange Quay and more than 48,000 sq ft over three floors being let to Kelloggs at Orange Tower.
Overall total space transacted was up by slightly less than 1% to 1.55m sq ft, with the average deal size dropping by almost 500 sq ft.
Going Up
OBI Property climbed to second place and appears to be improving year-on-year. After eighth place in 2015 and fifth last year, it is only one place away from the top, with more than 327,000 sq ft transacted.
Going Down
GVA came in 10th after a drop of more than 40% in sq ft disposed compared to last year. The lowest number of deals in the top 10 saw it fall two places.
Key Stats
1.555m sq ft Total space disposed: Up 0.94% on 1.54m sq ft last year
6,349 sq ft Average deal size down 6.8% on 6,818 sq ft
8.4% Deal numbers up to 245 from 226 last year
165,000 sq ft Largest letting to Swinton Insurance at the Embankment. Done jointly by Cushman & Wakefield and CBRE
67% Top 10 agents accounted for 67% of take-up, down from 81% last year
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