Occupier sentiment is much improved and city centre take-up in each of the first two quarters of 2014 were both the highest for nearly four years. Lettings were spread evenly between grade A and grade B deals and totalled 802,000 sq ft for the half-year.
Deals of note include 82,000 sq ft to Barclays at 4 Piccadilly Place in January in a move to consolidate various operations from around Manchester. Slater Gordon took 104,000 sq ft to consolidate also at 58 Moseley Street following its acquisition of several smaller legal practices around Manchester.
Several firms have made inward moves to Manchester city centre from either out of town or as part of footloose UK requirements. This includes 35,000 sq ft to Towergate Insurance at 3 Hardman Square, creating 400 new jobs; 25,000 sq ft to Ford Capital at 1 First Street, with an option on a further 40,000 sq ft; and 60,000 sq ft to Autotrader also at 1 First Street in an inward move from Warrington.
Source : DTZ (Groupe UGL)