Summary and analysis of Manchester's current office real estate market conditions.
Insight
Manchester Office Market Dynamics, Q1 2025
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.