Liverpool market surge

A recent report by property consultant Knight Frank revealed an 82% surge in office take-up in Liverpool in the third quarter of 2013 compared to the same period in 2012.

Metropolis figures suggest around 60 firms have found office space in Liverpool this year including the 34,000 sq ft let at Albert Dock by law firm Hampton Hughes and 30,000 sq ft by the local NHS trust. There are around 20 medium to large firms which have a current requirement for offices in the city and overall named requirements total over 250,000 sq ft.

Potential movers include BT which has just announced a 20% increase in staffing at its Lancaster House call centre and a clutch of companies approaching 2014 lease expiries.

Office projects by Capital & Centric, Merepark and Peel Group promise a new wave of grade A space from mid-2014 onwards, but local agents think more space is required to satisfy all searches, which is likely to increase the number of refurbishments.

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