Newcastle | Offices
At a Glance - Spring 2012
Newcastle Office Market - May 2012Newcastle annual take-up is expected to match 2011.
- Newcastle annual take-up is expected to match 2011, with promising take-up and encouraging levels of demand recorded in Q1 2012.
- Whilst grade A availability will fall in the city centre (CC), out of town (OOT) there is the potential for the level to rise, as speculative construction continues in the former Enterprise Zones.
- For the remainder of the year headline rents will continue to hold firm at £20.00 per sq ft in the CC and £16.95 per sq ft OOT.
- Investment volumes are likely to remain down, unless there is an increase in the number of high quality secure assets coming onto to the market.