Manchester office take up hit 492,000 sq ft in the first half of the year – 17% above the first six months of 2016, according to the Manchester Office Agents Forum.
About 284,000 sq ft was transacted in the second quarter, up 27% on the same period last year. Of the 68 deals in the city between April and June, five were more than 10,000 sq ft.
Andrew Rands, associate director at JLL, said: “We continue to see strong levels of demand across Manchester city centre from both existing occupiers and inward investors.
“The letting to WeWork at 1 Spinningfields, its first operation in the UK outside of London, and to Distrelec at 2 St Peters Square, which is its first operation in the UK, are a significant statement for the Manchester market.
“Looking forward, there are a number of potential larger transactions in the pipeline, which suggest total take up for 2017 will exceed 1m sq ft for the fourth consecutive year.”
To send feedback, e-mail karl.tomusk@egi.co.uk or tweet @ktomusk or @estatesgazette
