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In our latest office property market report. We highlight the key lettings which transacted in the North East between September and December 2024, some of which include:
1) 3,586 sq ft letting to Explain Research at Earl Grey House at £24.00 psf
2) 2nd floor, Blandford Studios: Extending to 3,022 sq ft, letting to Access Training at £16.00 psf
3) 30,783 sq ft letting at Spectrum 7, Seaham to Spire Healthcare Ltd at £7.50 psf
4) 16,454 sq ft letting at 1 St James Gate to a confidential tenant at £22.50 psf
5) 10,161 sq ft letting on the 10th floor at Bank House to Cundall Johnston & Partners LPP at £30.00 psf
We also review take up and supply and compare year-on-year.
Finally we look at prime headline rents and predict a forecast for the end of 2024.
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