2023-10-30-莱坊-UK_Cities_Manchester_Q3_2023_1页_312kb

Manchester Office Market Q3 2023 Summary

• Occupational Investment Take Up: 400,000 square feet, indicating steady demand for office space.
• Under Construction Investment: Schemes expected to complete between 2023-2025 include letting volumes of 240,054 square feet (27%) and speculative volumes of 659,946 square feet (73%), reflecting planned supply growth.
• Vacancy Rate: Grade A office vacancy rate stands at 2.8%, showing low vacancy and strong leasing activity.
• Prime Rent: Average prime rent for Grade A office space is £57.80 per square foot, with recent同比下降 indicated by "-62%" in activity metrics.
• Investor Activity: Foreign investors and property companies dominate; prime rent is £43.00 per square foot, with yields forecast at 6.25% in Q3 2023, consistent with end-2022 levels but showing volatility.
• Market Activity: Occupier-focused deals involve sectors like professional services (351,063 sq ft, 5 deals); activity ranges from 512,278 sq ft availability to deals totaling 6.25% vacancy impact.
• Notable Transaction: Sale at 2 Hardman Street, size 42,944 sq ft, for £22.5m, with purchaser Hyphen and vendor Boultbee Brooks Real Estate Ltd, highlighting prime center sales.