Newcastle Offices Market Update Q1 2017

Published on: 8th May 2017

 

The Newcastle office market tabled total take-up of 210,502 sq ft in the first quarter of 2017.

In the city centre there were eight deals with a total take up of 33,461 sq. ft, broadly similar to Quarter 1 2016 with the most significant letting being Frank Recruitment Group acquiring 19,200 sq. ft in the St Nicholas Building.

In the out of town market take up was over double the previous quarter at 177,041 sq. ft across 39 transactions. The principle transactions were Durham Police purchasing 33,600 sq. ft at Doxford Business Park and Barratt Homes purchasing 20,000 sq. ft at Metro Riverside.

At the two major out of town parks we saw existing occupiers acquire additional space, as evidenced at Quorum Business Park with Insure the Box at 13,000 sq. ft and Macaw Engineering at 7,089 sq. ft. Furthermore at Cobalt Accenture acquired an additional 11,604 sq. ft.

To discuss the market report, please contact Robert Patterson, partner in our North East agency team.

Click here to download the Q1 2017 Newcastle offices market update.

Contact Us

Why use a property professional to advise on your office move?

Moving office can be a challenging and complex process. From pulling together your relocation plan, to finding the right property and negotiating your lease, there are many elements to an office move that you will need to get expert advice on. Appointing the right property advisor will help you save time and money on your office move, and allow you to stay focused on running your business. 

Read More....

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Moving office can be a challenging and complex process. From pulling together your relocation plan, to finding the right property and negotiating your lease, there are many elements to an office move that you will need to get expert advice on.

Appointing the right property advisor will help you save time and money on your office move, and allow you to stay focused on running your business. 

[fulltext] =>

Our local relocation teams are made up of experienced office agents, lease consultants, architects and building surveyors. Operating in the UKs major cities, they apply their local market knowledge to help you find the right space for your business, negotiate preferential terms, and unlock off market opportunities that you may have otherwise missed.

We can add real value to your new acquisition and minimise your costs in future years by certifying floor areas, advising on principal lease terms, such as alienation (creating flexibility should you need to move or sublet), rent review clauses and dilapidations.

Our RIBA certified architects and building consultants can advise on your fit-out and space planning, ensuring you acquire an appropriate sized office that works for your business. We’ll also help you design a space that inspires your employees, and advise on how modern ways of working can help you to reduce your overheads.

Once you’ve settled into your new office, we can then introduce you to our occupier team, who will help you keep your occupational costs to a minimum, including business rates, and provide on-going tenant consultancy whenever you need it.

Click here to read our seven step guide on how to make your office move a success.

Contact Us

 

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/news/22-blog/1132-why-use-a-property-professional-to-advise-on-your-office-move?layout=default&breadcrumb=noimage

Office Agency

Our office agency team provide advice and expertise on the sale, acquisition, marketing, development and leasing of office properties and developments across the country. Utilising in-depth experience of the UK office sector coupled with extensive knowledge of the local and regional marketplaces in which we operate, each team possesses unrivalled skills to work to your significant advantage. Our specialist knowledge ranges from individual office suites to out of town business parks and new-build city centre developments.The specialism is supported by a broad range of additional services within the business. Agency Disposals: Realistic marketing advice and methodology Comprehensive market knowledge and full research facilities Extensive enquiry database Innovative marketing ideas Appraisal of alternative uses with in-house town planning advice Agency Acquisitions: Obtaining a clear understanding of our client’s requirements and commercial objectives Comprehensive property stock search and identification of development opportunities Objective advice on the suitability of identified properties Negotiation of favourable terms Full back up service including structural surveys, planning advice and fitting out etc. Valuation and finance advice Development Consultancy: Thorough market research Advice on selection and appointment of consultants Undertaking of full financial appraisals and timescales Advice on optimum composition of development Assessment of deliverability Advice on specification and scheme layout End user knowledge   Contact Us

Read More....

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Our office agency team provide advice and expertise on the sale, acquisition, marketing, development and leasing of office properties and developments across the country.

Utilising in-depth experience of the UK office sector coupled with extensive knowledge of the local and regional marketplaces in which we operate, each team possesses unrivalled skills to work to your significant advantage.

Our specialist knowledge ranges from individual office suites to out of town business parks and new-build city centre developments.The specialism is supported by a broad range of additional services within the business.

Agency Disposals:

  • Realistic marketing advice and methodology
  • Comprehensive market knowledge and full research facilities
  • Extensive enquiry database
  • Innovative marketing ideas
  • Appraisal of alternative uses with in-house town planning advice

Agency Acquisitions:

  • Obtaining a clear understanding of our client’s requirements and commercial objectives
  • Comprehensive property stock search and identification of development opportunities
  • Objective advice on the suitability of identified properties
  • Negotiation of favourable terms
  • Full back up service including structural surveys, planning advice and fitting out etc.
  • Valuation and finance advice

Development Consultancy:

  • Thorough market research
  • Advice on selection and appointment of consultants
  • Undertaking of full financial appraisals and timescales
  • Advice on optimum composition of development
  • Assessment of deliverability
  • Advice on specification and scheme layout
  • End user knowledge

 

Contact Us

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Newcastle Offices Market Update Q1 2017

  The Newcastle office market tabled total take-up of 210,502 sq ft in the first quarter of 2017. In the city centre there were eight deals with a total take up of 33,461 sq. ft, broadly similar to Quarter 1 2016 with the most significant letting being Frank Recruitment Group acquiring 19,200 sq. ft in the St Nicholas Building. In the out of town market take up was over double the previous quarter at 177,041 sq. ft across 39 transactions. The principle transactions were Durham Police purchasing 33,600 sq. ft at Doxford Business Park and Barratt Homes purchasing 20,000 sq. ft at Metro Riverside. At the two major out of town parks we saw existing occupiers acquire additional space, as evidenced at Quorum Business Park with Insure the Box at 13,000 sq. ft and Macaw Engineering at 7,089 sq. ft. Furthermore at Cobalt Accenture acquired an additional 11,604 sq. ft.

Read More....

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The Newcastle office market tabled total take-up of 210,502 sq ft in the first quarter of 2017.

In the city centre there were eight deals with a total take up of 33,461 sq. ft, broadly similar to Quarter 1 2016 with the most significant letting being Frank Recruitment Group acquiring 19,200 sq. ft in the St Nicholas Building.

In the out of town market take up was over double the previous quarter at 177,041 sq. ft across 39 transactions. The principle transactions were Durham Police purchasing 33,600 sq. ft at Doxford Business Park and Barratt Homes purchasing 20,000 sq. ft at Metro Riverside.

At the two major out of town parks we saw existing occupiers acquire additional space, as evidenced at Quorum Business Park with Insure the Box at 13,000 sq. ft and Macaw Engineering at 7,089 sq. ft. Furthermore at Cobalt Accenture acquired an additional 11,604 sq. ft.

[fulltext] =>

To discuss the market report, please contact Robert Patterson, partner in our North East agency team.

Click here to download the Q1 2017 Newcastle offices market update.

Contact Us

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