Dan Whelan
BT’s 175,000 sq ft letting at English Cities Fund’s Four New Bailey saw office take-up for the final quarter of 2020 hit 350,000 sq ft, taking the total for the year to 800,000 sq ft, the first time total annual transactions in the city centre have dropped below 1m sq ft since 2013.
The yearly total for a Covid-hit 2020 is significantly lower than that recorded in 2019 when almost 1.5m sq ft of deals were signed.
However, after a strong final quarter, which saw a 280,000 sq ft jump in space transacted compared to Q3, agents were confident Manchester still has the power to attract occupiers despite the challenging climate.
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