The Big Nine
Quarterly review of take-up in the major regional office occupier markets in the UK.
Total take-up during Q1 across the Big Nine cities amounted to 783,420 sq ft in the city centres and 676,126 sq ft out-of-town, 41% and 14% below respective ten-year averages. A number of markets have had a subdued start to the year but there has been rising sentiment alongside pockets of robust performance.
Manchester has again provided the largest take-up total, while Leeds was the stand-out performer when compared to long term averages, recording its highest quarterly take-up for more than three years. Newcastle and Bristol, which were the top performing cities in 2020, have also continued their robust performance into 2021.