The lack of existing grade A stock has again impacted on grade A take-up, which accounted for only 6% of total take-up within the city centre in Q3.
Along with Project Tomorrow, there are several longstanding large requirements within the region where the lack of stand alone grade A buildings will increase design and build activity.
Jacobs, BUPA and Costain are three major companies considering relocating in excess of 50,000 sq ft. In addition, Balfour Beattie (40,000 sq ft) is expected to announce an imminent decision on their preferred building.
For a breakdown of office supply, please click here.