Supply of grade A and B stock within the city centre declined slightly from the previous quarter. The majority of grade A supply continues to be dominated by buildings in Spinningfields and Piccadilly, with limited availability remaining in the traditional prime core.
Following Balfour Beatty’s sub- lease of Lakeside 5000 at Cheadle Royal, the lack of larger corporate HQ buildings in the out of town market is becoming more acute, with a number of outstanding requirements still unsatisfied.
Barwood has recently completed the purchase of Greencourts Business Park at Manchester Airport from Standard Life. The rebranding to Manchester Green and planned refurbishment will increase quality supply by circa 40,000 sq ft.
For a breakdown of Q2 2013 office supply by grade, please click here or on Chart 2 to the left of this article.