The Sheffield office market continued to perform well into the second quarter of 2013, with the total number of lettings up 60% on Q2 2012 at 15, and the half yearly total in line with longer-term average levels.
At 52,557 sq ft, Q2 2013 take-up was down 11% on Q1 2013, when the level was boosted by Sheffield Hallam University’s 18,000 sq ft purchase at Roughlea Properties Arundel House.
Despite this, optimism remains high, with total take-up reaching 112,209 sq ft - 60% of the total take-up for 2012.
Occupiers are focusing their requirements towards the city centre, with a 77% increase in demand compared with Q2 2012.
For a detailed breakdown of take-up by grade, click here or on Chart 1 to the left of this article.