Office demand grows across the North as agent warns of shortage of Grade A stock

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The big cities of the North saw a boost in office take-up levels in Q3 as appetite for “best in class” space continues to grow, the latest data from Avison Young has revealed – though there are still fears about levels of Grade A stock.

The advisory firm’s latest Big Nine report showed Manchester secured two out of the top five largest city centre office deals outside of London in Q3, with BNY Mellon’s 196,443 sq ft lease at 4 Angel Square and ARM’s 68,860 sq ft lease at the landmark No.1 Michael’s. The report showed Manchester also saw the greatest asset transaction volumes, accounting for 37% of the whole Big Nine.

In the out-of-town market, the North East landed the largest letting, with Spire Healthcare Limited taking 30,783

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