MOAF publishes 2011 league tables

Manchester Office Agents' Forum has published its own league tables showing the letting and sales performance of the top ten office agents in the city centre and out-of-town markets.

City centre: quantum

sq ft

City centre: deals

Total

1

WHR

184,139

1

Edwards & Co

53

2

Edwards & Co

163,523

2

WHR

47

3

Jones Lang LaSalle

136,972

3

Canning O'Neill

40

4

Lambert Smith Hampton

109,581

4

Jones Lang LaSalle

36

5

DTZ

101,410

5

OBI Property

33

6

Canning O'Neill

94,302

6

Lambert Smith Hampton

29

7

Savills

91,408

7

DTZ

22

8

OBI Property

91,388

8

CBRE

18

9

GVA

79,868

9

p3 property consultants llp

17

10

CBRE

46,118

10

GVA

8

Out-of-town: quantum

Sq Ft

Out-of-town: deals

Total

1

Canning O'Neill

106,325

1

Jones Lang LaSalle

81

2

GVA

97,523

2

Canning O'Neill

79

3

WHR

68,602

3

BE Group

40

4

Jones Lang LaSalle

65,608

4

Edwards & Co

27

5

Savills

59,791

5

CBRE

25

6

Lambert Smith Hampton

48,529

6

WHR

25

7

CBRE

47,411

7

Eileen Bilton Partnership

24

8

Edwards & Co

40,782

8

Lambert Smith Hampton

24

9

Knight Frank

37,887

9

DTZ

17

10

DTZ

27,067

10

p3 property consultants llp

14

Note: In joint agencies both parties are credited. Out-of-town includes South Manchester, Salford Quays, Salford, Old Trafford & Warrington

Office lettings and sales in Manchester city centre during 2011 totalled 700,000 sq ft compared with 1.32m sq ft during 2010. In the out-of-town market, take-up was 935,252 sq ft compared with 864,938 sq ft during 2010.

Although total office take-up across the city region was down from the previous year there were a number of high spots including a dramatic improvement in the Warrington market, contributing to an overall improvement in the out-of-town performance and a tail-end kick in city centre take-up heralding the prospects of an improving market for 2012.

MOAF said the group's view was that the office market has shown "truly remarkable resilience in the worst trading conditions many have known in a working lifetime."

Peter Gallagher, spokesman for the Manchester Office Agents Forum and partner at P3 Property Consultants, said: "In the past 'boom years' it was all too easy to pass off and ignore the sometimes wildly inaccurate commenting of what had happened in our market on the basis that when there are plenty of deals happening, who cares about the numbers anyway.

"As the office market begins its recovery phase, there will be inevitably swings of take-up one way or the other and we feel it is just too important a business metric to leave to chance.

"From now on MOAF will be issuing its own annual league table alongside the quarterly take-up numbers, with detailed analysis and further comment always available to clients via their own agents office."

Manchester Office Agents Forum was formed in 2009 and currently comprises CBRE, Canning O'Neill, Colliers International, Cushman & Wakefield, DTZ, Drivers Jonas Deloitte, Edwards & Co, GVA, Jones Lang LaSalle, Knight Frank, Lambert Smith Hampton, P3 Property Consultants, Savills, WHR, Matthews & Goodman, BNP Paribas and OBI.

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