City bucks trend for 2011 take-up

Let's be 'avin you: Carbrook House has become home to South Yorkshire Police.
Let's be 'avin you: Carbrook House has become home to South Yorkshire Police.
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Office take-up in Sheffield topped the 350,000 sq ft mark last year, according to new figures for the year.

A total of 351,672 sq ft of offices were newly occupied in Sheffield – 218,001 sq ft in the city centre and 133,671 sq ft in the out of town market.

Property consultancy Knight Frank says 2011 started strongly with Sky taking 23,577 sq ft of new office space at Ventana House in February, but ended even more confidently with Plusnet taking 52,916 sq ft at The Balance in December - the year’s biggest deal.

Knight Frank partner Tim Bottrill said: “Sheffield was one of only a handful of the UK’s regional markets to see an increase in office take-up in the first half of 2011 compared with the previous year and it’s pleasing to see the momentum did not drop as the months continued.

“The figures make welcome reading because a healthy office market is an indication of the quality of buildings Sheffield’s commercial property market portfolio has to offer. Businesses relocating here are also a welcome boost for the city’s economy during difficult times for the country.”

Knight Frank was involved in both the Sky and Plusnet deals.

Other key deals in 2011 included Fulcrum Utility Services relocating 150 staff from Rotherham to 20,000 sq ft of new office space at Sheffield Business Park in June and Elliott Ltd joining them, moving its headquarters from Peterborough to 18,000 sq ft of space in August.

The city’s higher education institutions were also on the move with Sheffield Hallam University taking 37,862 sq ft of postgraduate teaching space at Aspect Court in June, while Sheffield University expanded its office space for administrative staff with a 20,000 sq ft move to Edgar Allen House in September.

South Yorkshire Police relocated its headquarters from West Bar to the 37,500 sq ft at Carbrook House in July and expanding telemarketing specialist Ant Marketing acquired a further 10,000 sq ft of space, the latest offices to be occupied by the firm being in Bushbury House.