City Centre take-up reached 106,164 sq ft in 29 deals, the largest deal to Mott MacDonald who took 10,419 sq ft of ground floor space at Templeback.
Overall city centre take-up is down on q1 of last year due to the record number of deals completed in Q4 2014.
Out of town take-up is also down on the previous year to 67,365sq ft with the average deal size at 4,491sq ft, the largest being 13,267sq ft of space at Patchway Trading Estate taken by Mitie.
There are still a number of large requirements in the market both in the city centre and out of town and we are expecting to see many of these complete before year-end. Once complete take-up will be more in-line with last year and we also hope to see continued improvements in the out of town market which has had a significantly slower recovery.
For a detailed breakdown of Q1 2015 take-up by grade, please click here or on Chart 2 to the left of this article.