Manchester office transactions in the first quarter were down on last year – but agents say they expect levels to rise again this year as the pipeline remains strong and the market ‘robust’.
The latest figures from the Manchester Office Agency Forum (MOAF) show 50 deals were completed in the first quarter. A total of 172,782 sq ft of office space was transacted in Q1 2024, down slightly on the 205,397 sq ft completed in Q1 2023.
Notable deals included law firm DAC Beachcroft’s take up of 13,228 sq ft at the city centre’s Landmark building, while engineering firm Atkins took 38,138 sq ft in Longmead’s 3 Piccadilly Place. JLL said it identified “a significant flight to quality and demand for fitted spaces” in the city centre.
Meanwhile, 52,622 sq ft was transacted across 16 deals in Salford Quays and Old Trafford. Read more here