Q4 was the highest performing quarter in 2012, returning a total take-up of 136,327 sq ft. This success continued into Q1 2013 with take-up reaching 171,994 sq ft; the second highest Q1 take-up figure over the past 10 years. For a breakdown of take-up by location and size bracket click here.
A new rental level record has been achieved at Twenty Two Station Road, CB1, with the pre-letting of 44,150 sq ft to Mott McDonald at £32.50 per sq ft.
For the first time in eight consecutive quarters, tenant activity was led by the Professional Services sector, accounting for 40% of take-up. Take-up by the TMT and Pharmaceutical sectors amounted to 39% of Q1 take-up.
Demand levels increased significantly due, primarily, to AstraZeneca’s requirement for a new 650,000 sq ft HQ research and development campus.