Liverpool records largest letting in a year 

High Street Solicitors has taken almost 15,000 sq ft at No 1 Tithebarn, relocating from Cotton Exchange on Old Hall Street. 

The law firm has signed for the 14,875 sq ft third floor within the 115,000 sq ft Liverpool office building. 

High Street Solicitors has penned a 10-year lease and will pay £16/ sq ft at No 1 Tithebarn, where Worthington Owen and Avison Young are joint letting agents. 

The deal is the largest in Liverpool since early 2021 when the Department for Work and Pensions took 20,000 sq ft at 90 Duke Street. 

High Street Solicitors’ move to No 1 Tithebarn is also one of only a handful of deals exceeding 10,000 sq ft in Liverpool since the start of the pandemic.

Others include Carpenters, which signed for 16,000 sq ft in the same building as High Street Solicitors, and housing association Plus Dane, which took 15,000 sq ft at Atlantic Pavilion.  

The city’s office market has been sluggish to recover from the impact of the pandemic, but the High Street Solicitors letting could be a sign of things to come. 

“The SME market in Liverpool has been surprisingly active for around 12 months but this is one of few lettings over 10,000 sq ft since the first lockdown,” said Mark Worthington, director of Worthington Owen. 

“There are several large requirements currently in the market – including some occupiers from outside Liverpool – so we fully expect this to be the first of several larger transactions to complete in 2022.” 

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Liverpool really needs to step up to compete with other regional cities, they don’t want a brain drain.

By Meeseeks

Does this mean we’ll be included on the Avison Young report for next year ? Will it be the Big Ten cities instead of just the Big nine? Can I dare to dream? I’m guessing no, but stranger things have happened. Just not many…

By Leander

We’ll, at least it’s not bad news.

By Anonymous

There are several large requirements currently in the market – including some occupiers from outside Liverpool – so we fully expect this to be the first of several larger transactions to complete in 2022.” – Mark Worthington’s words give me some hope that the Liverpool office marker will start to pick up. We need to start on the Pall Mall development and finish Paddington Village so we have grade A office space ready to go off the shelf.

By Nick

Oh I’ve just downloaded the 2021 Avison Young Big 9 report and you’re right Dan it’s there! I shall pay more attention.

By Leander

This is the trend we have all been waiting for. It’s not just for the present day Liverpool but also for our children and our children’s children.

By Mary Malarkey

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