Office take-up climbs in Warrington, reports MOAF
Total take-up of office space in Warrington during 2016 increased by 10% on the previous year’s figure, with 370,168 sq ft transacted in the year across 122 deals according to the Manchester Office Agents Forum.
Simon Roddam, associate director of Warrington consultancy BE Group and MOAF spokesman, said: “This was another year dominated by small to medium size office transactions in the Warrington area.
“The average size deal was 2,985 sq ft, a similar figure averaged in 2015, which paints an immediate picture of how strong the smaller end of the office market is in Warrington.
“Transactions of 8,000 sq ft to 11,000 sq ft made up a significant amount of take-up in 2016, with a total of 10 transactions completed in this range. This included lettings to household names such as Muller, Galliford Try, Newsquest, and Taylor Wimpey.” The latter took space in Washington House (pictured) during the year.
The largest transaction of 2016 was the re-letting of Allday House in Birchwood, which saw the Nuclear Decommissioning Authority take a new lease on the 52,124 sq ft headquarters building. Like Washington House, Allday House is asset-managed by Pin Property Consultancy.
Leasehold transactions accounted for 80% of the overall take up in 2016, with the 15 freehold transactions recorded totalling 77,684 sq ft – a 50% increase on office sales compared with 2015.