2013 take-up in the city centre reached 504,508 sq ft, a 23% improvement on 2012 and 18% higher than the five year average. This was helped by the Grade B & C Q4 take up which rose significantly from 18,594 in 2012 to 56,173 in the same quarter this year.
Overall though impressive rise was largely due to two large freehold deals: one to Bristol City Council of 71,000 sq ft and one to Imperial Tobacco of 85,000 sq ft. These helped to increase the average deal size to over 5,000 sq ft for since first time since 2008.
In Q4 out of town, take-up reached 43,756 for Grade B & C offices, which is up on last year, but Grade A take-up was only 7,407, which is down on 2012.
For a detailed breakdown of Q4 2013 take-up by grade, please click here or on Chart 2 to the left of this article.