Aggregate city centre take up at the end of Q3 amounted to 968,338 sq ft and exceeded the annual take up for 2013 by 11%.
However, the actual volume of city centre office space transacted in Q3 was less than the same period in 2013. Total quarterly take up was 31,514 sq ft down in comparison with Q2 2013.
Grade A take up within Q3 was significantly lower compared to Q2 with only 7,376 sq ft transacted. Leasing activity in this sector is predated to raise in response to increased supply, principally One St Peters Square.
The out of town markets were dominated by occupiers acquiring refurbished (C) and substantially refurbished (B) workspace reflecting the limited supply of legacy grade A accommodation within the most active sub markets of Wilmslow, Altrincham and Cheadle.