Leicester saw a steady start to the year with 15 transactions recorded; seven in the city centre and eight out of town. Total take-up for Q1 reached 129,526 sq ft, including a significant city centre transaction with the sale of the Royal Mail Campbell St site (80,012 sq ft). Just three transactions were above 5,000 sq ft; 80% of transacted space fell below 5,000 sq ft. For a breakdown of Leicester take-up, click here.
Nottingham office take-up totalled 123,922 sq ft in Q1, with five transactions between 10,000 and 20,000 sq ft. 20 transactions were recorded overall, equally split between city and out of town. Three of these transactions relate to the current permitted development ruling, with these properties now destined for residential conversion. For a breakdown of Nottingham take-up, click here.
Q1 office take-up in Derby was 32,312 sq ft with the largest letting comprising 5,795 sq ft between Trent Psychological Services and Victoria Properties (Derby) Limited. This represents a below par quarter with just 14 transactions recorded. Only two transactions were above 5,000 sq ft, seven transactions were over 2,000 sq ft, and the remainder were in much smaller premises. Interestingly, all 14 transactions were lettings, with no freehold deals taking place. For a breakdown of Derby take-up, click here.