• Total take-up of offices (over 1,000 sq ft) in Q2 2015 was 225,555sq ft, compared with 291,339 sq ft in the same period in 2014
• Total take-up in 2015 so far is 399,084 sq ft, compared to 515,302 sq ft at the end of Q2 2014 - a decrease of 23% year on year
Both the city centre and out of town markets have seen a fall in take-up, when compared to the same period last year. Demand has been affected by a record number of deals at the end of 2014 and the market is now returning to a more constant level of demand.
In the city centre market, 27% of take-up in Q2 2015 was grade A and 46% grade B. Due to an increasing lack of grade A stock being available, we do not expect take-up to increase until further stock is brought to the market.