Leicester saw a total of 127,000 sq ft office take-up in Q2 and the largest single inward investment office deal since our records began, with the 65,000 sq ft letting at St George’s Central to Hastings Direct. 67% of the total space transacted was in the city centre. Out of a total of 24 transactions, 18 were for properties of less than 5,000 sq ft. For a breakdown of Leicester take-up, click here.
Nottingham office take-up totalled 95,873 sq ft in Q2 with just over half of the 26 deals recorded in the out of town market. 85% of transactions were below 5,000 sq ft with the largest deal being the 30,798 sq ft disposal of the New College Nottingham property. Three properties were sold in Q2, and the remainder were lettings. Despite the growing trend in permitted development deals, the sales were owner occupier related. For a breakdown of Nottingham take-up, click here.
Q2 office take-up in Derby totalled 58,716 sq ft. The largest letting – a landmark deal for the city - was 32,309 sq ft at 1 Friar Gate Square to the University of Derby. Even with just 12 transactions recorded this was an 82% increase on Q1 take-up, with the majority of transactions in the city centre. Only one transaction was over 5,000 sq ft, and two over 2,000 sq ft; the remainder were in much smaller premises and just two out of the total 12 were freehold. For a breakdown of Derby take-up, click here.