Take-up in the Warrington office market has increased by 29 per cent with a total of over 395,000 sq ft let during 2013.
Birchwood Park, Warrington
The two most noteworthy transactions for the year were the letting of The Point in Birchwood, and the re-letting of Renaissance House on Centre Park. The total square footage for the two was 69,000 sq ft with the Point accounting for 30,000 sq ft and Renaissance House taking up 38,759 sq ft.
Simon Roddam, of Warrington property consultancy BE Group and a spokesperson for Manchester Office Agents Forum (MOAF), stated recently that Warrington continues to react well to demand from larger occupiers who are looking for good quality accommodation.
He went on to say that with new developments nearing completion there are definite signs of an upsurge in the Warrington office market.
Leasehold transactions accounted for 71 per cent of take up last year. A good level of owner occupier demand has been sustained with 14 transactions accounted in total. This includes the 20,000 sq ft sale of Millennium House in Birchwood to a government department.
Steve Park, the managing director of Warrington & Co., stated that these figures are encouraging and that they are the “latest in a series of very strong economic statistics, demonstrating that Warrington is a real place of choice for investors.”
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