After a slow final quarter in 2012, Sheffield city centre office take-up increased by 52% in Q1 2013, to reach 36,662 sq ft (Q4 2012: 19,379 sq ft). This figure is down by more than a third on the same quarter last year (Q1 2012: 57,490 sq ft).
Out of town, there was a dramatic uplift in activity, with a first quarter take-up of 23,480 sq ft - more than double the same period last year (Q1 2012: 10,450 sq ft).
This brings the year-to-date total for the Sheffield office market to 60,142 sq ft, 11% down on the same period last year (Q1 2012: 67,940 sq ft) but more than double that recorded in the final quarter of 2012 (Q4 2012: 29,207 sq ft).
For a detailed breakdown of Sheffied city centre and out of town take-up by grade for Q1 2013, please click here or on Chart 1 to the left of this article.