The handbrake was firmly applied to regional office transactions in the first quarter of 2017, as take-up fell by 47% in comparison to the same period last year.
Just over 600,000 sq ft of space was let across the six key regional office markets, data from EG Research reveals, with Glasgow and Birmingham seeing the sharpest annual drops in overall activity to the tune of 77% and 55% respectively.
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Including:
Newcastle is home to the first quarter’s biggest deal with DWP’s 170,000 sq ft pre-let
Peter Bill on the “impending damnation of property portals”
Agency’s top team says firm will be more resilient now than in the GFC
Majority of boroughs did not start a single residential development in the first quarter of this year
