Summary and analysis of Manchester's current office real estate market conditions.
Insight
Manchester Office Market Dynamics, Q2 2025
Steady leasing activity was evident in Q2, with 261,500 sq.ft. of space taken-up, boosting the H1 2025 figure to 581,500 sq.ft.
The 35,400 sq.ft. deal to Softcat was the largest deal to sign in Q2.
New build completions resulted in Grade A vacancy rising over the quarter, although supply should peak over the remainder of the year.