City centre office take-up for 2015 totalled 1,318,282 sq ft, a fraction below last year’s figure of 1,333,425 sq ft. However, it is still 31% above the 5 year average of 1,003,071 sq ft, highlighting the continuing strong levels of demand.
Activity in the final quarter of the year fell short of predicted levels at 259,632 sq ft, down 32% on the previous quarters figure. However, Hewlett Packard and Money Supermarket will continue their search in 2016, with a combined requirement of 135,000 sq ft.
Grade A take-up within Q4 was 79,288 sq ft with the largest letting occurring at One St Peter’s Square where Addleshaw Goddard took 56,253 sq ft.
Out of town, Salford Quays performed exceptionally well with take-up reaching 582,477 sq ft, almost 12 times greater than the 2014 total. Significant lettings included BUPA taking 142,000 sq ft at Harbour City and TalkTalk taking 106,187 sq ft at Soapworks.
In South Manchester take-up reached 553,554 sq ft remaining broadly in line with the previous year.