Summary and analysis of Manchester's current office real estate market conditions.
Insight
Manchester Office Market Dynamics, Q1 2025
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Strong leasing activity was evident in Q1, with 320,000 sq.ft. of space taken-up which was 22% above the five-year quarterly average.
The 130,000 sq.ft. prelet to Trader Media (Autotrader) was the largest deal to sign across the Big 6 in Q1.
Overall supply is anticipated to have peaked in Q1 at 9.2%, following an increase in secondhand space.