Manchester commercial property

Research - 14/12/2018

Northern Powerhouse Office Market Report 2018

Record-breaking year for leasing and investment activity across the Northern Powerhouse office markets.

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Our fourth annual edition of the Northern Powerhouse Office Market Report shows that despite Brexit-related uncertainty, 2018 is set to be a record year for the region’s eight core office markets.

Occupier take-up is forecast to reach 5.7 million sq ft; 13% above the 2015 peak and 37% above the 10-year average. Unlike previous years, there has been a real depth to activity, with all of the markets performing in-line with or surpassing their 10-year averages.

Investment appetite has also showed no signs of slowing, with £1.4 billion of property transacted so far in 2018 and the highest quarterly number of deals recorded since the credit crunch. 

Key themes also highlighted in this year's report include:

  • Workplace technology
  • Regeneration
  • Skills focus
  • Well buildings

To download a PDF of the report, please complete this form. Alternatively, email us to request a printed copy.

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