Good year for Sheffield

A recent report by property consultant Knight Frank has revealed office take-up of 270,000 sq ft in Sheffield in 2014, compared to 235,000 sq ft in 2013.

The report highlights recent deals such as health technology company Servelec taking 20,700 sq ft at The Straddle building, Westfield Health taking 40,000 sq ft at Milton House and the establishment of a European HQ and contact centre for health assessments by Instant offices into 11,000 sq ft at Northbank.

In addition, it features PwC’s relocation into 7,000 sq ft at No. 1 St Paul’s Place; XLN Communications’ move into 14,500 sq ft at Northbank and Places for People into 7,000 sq ft on the top floor of Saville House.

Metropolis reported on 25 Sheffield moves in 2014 and is tracking 12 companies looking for office space in the city and Rotherham in 2015. Many of the deals involve offices below 5,000 sq ft. Telecom, recruitment, medical and charity sectors are currently the most active. Local agents estimate that there is currently demand for about 225,000 sq ft of offices in the city.

The construction of the St Paul’s scheme remains the only major pipeline development in Sheffield due to complete in spring 2015 which will add 73,600 sq ft of grade A office stock to the City’s supply and is likely to attract some high profile moves.

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