Warrington Office Market exceeds Expectations

Posted on 19 January, 2015 by Jodee Redmond

The Manchester Office Agents Forum (MOAF) has reported a total take-up of 439,000 sq ft in the Warrington area. There were a total of 102 transactions in 2014, representing a 16 per cent increase on 2013 figures and an overall increase of 11 per cent.

Warrington-Office-Market-exceeds-Expectations

Among notable transactions pushing the numbers up were the lettings to Ombudsman Services at 3300 Daresbury Park, New Balance at Birchwood Point and the nuclear engineering joint venture AMA at Allday House in Birchwood.

Simon Roddam of Warrington property consultancy BE Group and a spokesperson for MOAF, stated recently that 2014 had been expected to be a “modest year” following strong gains in 2013.

He noted that this was not the case and that there were almost 137,000 sq ft of office take-up delivered through three headquarter lettings.

Mr. Roddam went on to say that due to the lack of new office development, there have been more speculative refurbishments of secondary properties over the past 12 months.

New occupiers at Birchwood Park include Hyder Consulting and URS who took a combined total of 33,000 sq ft at 401 Faraday Street. The move coincided with the completion of the building’s £4m refurbishment.

In addition, AMA signed a lease at Allday House in Birchwood following the completion of a refurbishment to the 50,000 sq ft property.




Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.


Recent Posts

Interest Rates Impact on Commercial Property

Commercial Property Investment Outlook for 2023

The best places to stay on the Riviera

The latest property data has identified Newquay as the fastest property seller’s market in the UK

Investing in your garden can increase your property’s value

French Riviera temping high-end homebuyers

How can the ownership rights of my commercial property impact a business sale?

Should I incorporate virtual property viewings permanently?

Investment expected to increase across Asia-Pacific in 2021

UK property industry slows as the conclusion of tax break looms

BNP Paribas cautioned investors on Friday as debt-trading bonanza that increased its earnings this past year

Over 300,000 property purchases fell through in 2020 – we show the most frequent motives and the best way to get your house sale back on track

House Prices in the Capital Surpass £500,000

Optimism from the Bank of England’s chief economist

The most expensive commercial properties.

Businesses operating from shared premises will miss out on grants