Office take up in Manchester hit a record high in 2018 with 1.75 million sq ft of lettings completed across 314 deals, surpassing the existing record of 1.33 million sq ft in 2014.

According to figures from the Manchester Office Agents Forum, the final quarter of 2018 was the busiest, with 513,171 sq ft of deals signed. The final three months saw some of the year’s biggest lettings, including Amazon's move to the Hanover Building, taking 89,449 sq ft. 

Other major deals in the final quarter included WeWork taking 76,174 sq ft at Dalton Place and Manchester City Council moving to 33,223 sq ft at City Road.

The largest deal of the year was Booking.com taking 225,000 sq ft at Manchester Goods Yard, while HMRC signed for a 157,000 sq ft pre-let at 3 New Bailey Square.

MOAF is also predicting a strong take up in 2019, with a number of large deals expected to complete within the first half of the year. Several Grade A office buildings are set to complete during the year, including 14 floors of office space at 125 Deansgate and the Landmark building at St Peter’s Square, which will offer 180,000 sq ft of exceptional office space.

The office property market in the UK is continuing to thrive, despite uncertainties surrounding Brexit. Harry Skinner, associate director at Avison Young, said “The performance of the market in 2018 clearly demonstrates that despite the backdrop of political uncertainty Manchester is going from strength to strength.

“The improved transport infrastructure, significant leisure offering, and vast University talent pool are all factors pulling occupiers towards Manchester over other regional cities. Proactive landlords and developers who have been willing to invest in buildings to provide a quality product have achieved success.”