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1.5 – 1.6m sq.ft. totals expected for 2013
There were mixed messages from the office sector this quarter, with positives and negatives emerging from supply and demand. Although there was a decrease in take-up compared to last quarter, half-year take-up is greater than the same point last year by 5%. In addition, there were a number of deals that did not complete in quarter 2 that are expected to transact in quarter 3. There is 735,000 sq.ft. of reserved space for next quarter, which will help to boost quarter 3 take-up and year-end total volumes for 2013. It is expected that the total take up for 2013 should be in the region of 1.5 - 1.6 million sq ft.
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