City centre office take-up for 2014 as a whole totalled 1,333,425 sq ft, up 53% on the 2013 total of 869,180 sq ft.
Significant activity in the final quarter of the year resulted in 383,507 sq ft of office space being acquired, almost double (93%) that of the same period in 2013 where take-up was 199,095 sq ft.
Grade A take-up within Q4 was significantly up on the previous quarter with 126,456 sq ft transacted. The legal sector accounted for 61% of this activity as DLA, Nabarro and TLT Solicitors concluded deals in Spinningfields and St Peters Square.
In the out of town markets, significant lettings to Talk Talk, John Lewis and TT Games along with CDL’s decision to expand into an additional 30,000 sq ft of space in Stockport resulted in Q4 take-up reaching 241,588 sq ft, an increase of 22% on the previous quarter.