Office take-up doubles

Rob Darrington, LSH
Rob Darrington, LSH
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Take up of vacant offices in Sheffield city centre almost doubled in the first quarter of the year.

According to the latest figures from the Sheffield Office Agents Forum, take-up increased by 89 per cent to 36,662 sq ft, compared with the last quarter of 2012.

Rob Darrington, associate director at Lambert Smith Hampton’s Sheffield office, said: “It has been a really promising start to the year and it’s clear that Sheffield still holds a great appeal.”

Mr Darrington said all the deals completed in the first quarter were for B and C grade office space, suggesting location was the driving factor.

A total of 811,976 sq ft of office space is available in Sheffield at the moment, but only a third of that space is Grade A.

“Existing Grade A supply has remained stable but once this allocation is occupied, the city will have little to offer in terms of modern office space,” said Rob Darrington.

“Recent months have seen a trend for Grade B/C space being converted to alternative uses, including re-development for residential.”