Manchester Office Market Dynamics, Q2 2026

Take-up of 190,000 sq.ft. was recorded in Q2 2026, a reduction from Q1. The largest transaction was flexible space provider, Block Workspace, taking 25,854 sq.ft. at Sunlight House.

Total vacancy was unchanged at 10.9%, with new build vacancy at 1.2%, the lowest level since 2020.

Space under construction increased to 1.07 million sq.ft., all of which is being built speculatively.

Prime rents rose to £48.00 per sq.ft., up from £45.00 per sq.ft. in Q1, representing annual rental growth of 6.7%.