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Sarah Townsend The city recorded just over 234,000 sq ft of lease transactions in the first three months of 2021, a decline year-on-year and from the previous quarter amid still-challenging market conditions. Total office take-up in Q1 reached 234,258 sq ft, down from the 349,513 sq ft in the fourth quarter of 2020, and 306,000 sq ft in the year-earlier period, according to the latest figures from the Manchester Office Agents Forum. Still, the market is maintaining “gradual momentum” as real estate and the general economy recovers from the pandemic, MOAF said. South Manchester was the best-performing office market, where take-up totalled 92,797 sq ft – in line with the 94,838 sq ft recorded in Q4 2020 and well above Q3 2020’s total of 39,174 sq ft.

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