Huge rise in take-up for offices

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The number of businesses taking office space in Sheffield soared during the first quarter of 2011, according to a report by officebroker.com.

The report says take up rose by 600 per cent in January compared to the same time last year and was followed by a 300 per cent rise in February.

Take up in March then fell to the same level as last year.

Meanwhile, the number of businesses taking serviced office space in the city increased by 225 per cent during the first three months of the year.

The cost of office space also rose, with the average price for office space reaching £159 per workstation, compared with £140 during the first three months of 2010.

However, the number of workstations needing new arrivals decreased from 7.2 in the first three months of 2010 to four workstations.

Officebroker.com managing director, Jim Venables, said: “It’s certainly promising for the market in the city that 2011 has got off to such a strong start. It shows businesses are finally beginning to test the climate and are willing to commit to office accommodation once again.’’

* Read the full report at officebroker.com - click the External Link in the column on the right.