MOAF publishes 2012 league tables

Manchester Office Agents' Forum has published its annual league tables showing the letting and sales performance of the top office agents in the city centre and out-of-town markets as well as total take-up figures for the year.

Take-up for 2012 was 788,265 sq ft in Manchester city centre and 660,829 sq ft in South Manchester. By comparison office take-up 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 in 2011 compared with 864,938 sq ft in 2010.

Deal activity in 2012 across central Manchester improved with more deals completed, although there was a lack of large transactions. Bruntwood's Riverside performed strongly leasing in excess of 80,000 sq ft with large deals to Futureworks, 24,000 sq ft, and MoneyPlus Group, 21,500 sq ft. Other notable transactions for the year included i2 serviced offices taking 22,000 sq ft at 3 Hardman Square and HBG taking 20,000 sq ft at Chancery Place.

South Manchester performed strongly with take-up boosted by Micromass Waters' commitment to a new 100,000 sq ft facility at Wilmslow Office Park and the Blemain Group's 50,000 sq ft freehold acquisition at Cheadle Royal Business Park.

Old Trafford enjoyed one of its busiest years with take-up totalling 245,000 sq ft, the largest letting being Think Money's relocation to new purpose-built offices comprising 125,000 sq ft. The business will relocate from Salford Quays which struggled at 85,523 sq ft for the year despite a large letting to Vital Services Group of 19,499 sq ft in November.

Emma Powell, assistant surveyor at, OBI Property and spokesman for MOAF, said: "2012 proved a really positive year in light of the continuing tough market conditions in respect of the office market throughout the Manchester region. Once again Manchester has outperformed all other regional cities.

"When considering the lack of large transactions in the city centre, the fact that take up reached such a positive level close to 800,000 sq ft is testament to the resilience and strength of the local economy. Interestingly the number of deals were up 43% in comparison to 2011 in the city centre and 2013 is already looking like another busy year with a number of large deals already happening. We are seeing signs of inward investment to the region increasing during the next 12 months and this will further enhance the performance of the regions property market."

Area

Q1

Size sq ft

Q2

Q3

Q4

2012

Manchester City Centre

169,891

141,133

179,930

297,311

788,265

South Manchester

119,695

161,453

258,134

175,317

660,829

Old Trafford

39,829

171,588

15,156

18,884

245,457

Salford Quays

10,099

19,357

6,244

49,823

85,523

MOAF Office Agent League Tables

City Centre League Tables

League Table By Deals

Position

Company

Number of Deals

%

1

Edwards & Co

78

29%

2

OBI

66

24%

5

Jones Lang LaSalle

59

22%

3

Canning O'Neill

59

22%

4

WHR

52

19%

6

CBRE

40

15%

7

LSH

38

14%

8

DTZ

34

13%

9

Savills

12

4%

10

Knight Frank

10

4%

11

Colliers

8

3%

12

GVA

7

3%

13

P3

5

2%

14

M&G

5

2%

15

Cushman & Wakefield

3

1%

16

DJ Deloitte

2

1%

League Table By Space Let/Acquired

Position

Company

Space Let

%

1

JLL

249,596

32%

2

OBI

239,734

30%

3

Edwards & Co

200,133

25%

4

WHR

165,911

21%

5

CBRE

142,372

18%

7

LSH

127,652

16%

6

Canning O'Neill

114,595

15%

8

Savills

101,783

13%

9

DTZ

99,037

13%

10

GVA

38,955

5%

11

Colliers

30,609

4%

12

Knight Frank

29,152

4%

13

M&G

23,970

3%

14

Cushman & Wakefield

20,589

3%

15

P3

11,060

1%

16

DJ Deloitte

2,087

0%

Out of Town League Tables

(including South Manchester, Salford Quays and Old Trafford)

League Table By Deals

Position

Company

Number of Deals

%

1

Canning O'Neill

104

31%

2

Edwards & Co

58

17%

5

Jones Lang LaSalle

36

11%

3

DTZ

25

7%

4

CBRE

23

7%

6

Lambert Smith Hampton

18

5%

7

Savills

17

5%

8

GVA

13

4%

8

WHR

13

4%

9

P3

8

2%

9

M&G

8

2%

12

Knight Frank

4

1%

13

Colliers

3

1%

14

Cushman & Wakefield

2

1%

15

OBI

1

0%

16

TSG

1

0%

League Table By Space Let/Acquired

Position

Company

Space Let

%

1

Jones Lang LaSalle

277,075

20%

2

Canning O'Neill

271,836

19%

3

Lambert Smith Hampton

176,442

13%

4

DTZ

169,096

12%

5

Edwards & Co

154,216

11%

7

GVA

85,470

6%

6

CBRE

74,279

5%

8

Savills

51,546

4%

9

WHR

40,677

3%

10

Matthews & Goodman

24,574

2%

11

Cushman & Wakefield

20,813

1%

15

Knight Frank

18,080

1%

12

Colliers

12,819

1%

13

TSG

11,665

1%

14

P3

9,836

0%

16

OBI

3,249

0%

The Manchester Office Agents Forum exists to promote better knowledge of the Manchester City Region office market providing accurate market statistics and informed market commentary.

Formed in 2009 its' current members include CBRE, Canning O'Neill, Colliers International, Cushman & Wakefield, DTZ, Drivers Jonas Deloitte, Edwards & Co, GVA, Jones Lang LaSalle, Knight Frank, Matthews and Goodman, Lambert Smith Hampton, OBI Property, P3 Property Consultants, Savills, TSG Property and WHR.

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