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UK Regional Offices Snapshot Q4 2022

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Activity across key regional capitals in 2022 was focused on occupier appetite for new Grade A product. All cities saw healthy levels of demand for new space and enjoyed significant uplift in headline rents. Average prime rents grew across Birmingham, Bristol, Leeds and Manchester in 2022, with all centres experiencing record rental levels.


This healthy demand has led to an annual fall in new Grade A vacancy across the majority of centres, with the appeal of future-proofed and employee-friendly accommodation only set to increase going forward.

Not only that, sustainable credentials are being closely scrutinised by potential occupiers, with the likelihood of a ‘green premium’ (in terms of pricing) for carbon net-zero space, especially given the current relative shortage of supply. 

Find out more in our Q4 2022 UK Regional Offices Snapshot, which showcases sector trends for Birmingham, Bristol, Leeds and Manchester.

 

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UK Regional Offices Snapshot Q4 2022

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Related Experts

Guy Grantham

Director of Research and Forecasting

Research and Forecasting

London - West End

Guy has been a property research professional for 23 years and gained extensive knowledge of the UK and Global property markets. He has worked closely with a wide variety of major developers, landlords and occupiers in a consultancy capacity. Instrumental in supporting Hines' purchase of Brindleyplace for £200m, on which Colliers advised. He is now specialising in the London Office market using his extensive knowledge and experience to provide market leading insight into current occupier, investment and development trends.

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Roddy Morrison

Director

National Offices

Leeds

I head up the Yorkshire and North East offices team and have over 20 years agency experience specifically within the region. I have been involved in numerous high profile city centre, business park and office led mixed use developments throughout the region.

Majoring on disposal and acquisition work for a variety of Property Companies, Funds and occupiers, I have also been prevalent in providing development advice on mixed use and regeneration projects throughout the region.

I also provide development consultancy and strategy advice to a number of local authorities, education institutions and charities.

I have worked with and agreed comprehensive multi-site 5 year Property Strategy Review Programmes with two large UK Financial Services occupiers within the past 5 years. 

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Dominic Pozzoni

Head of Manchester Office

National Offices

Manchester

Dominic is a Director of the National Offices Team in Manchester, with 25 years experience in the Real Estate profession, focused on the North West region. Dominic offers a depth and breadth of commercial experience to Investors, Developers, Landlords and Occupiers with particular regard to offices and complex mixed use schemes. He has a focus on procurement of Planning, Development, Acquisition and Disposal of office, leisure and mixed use developments. Strong working relationships have been formed with a wide and varied contact base of key landowners throughout the North West which has resulted in a robust track record of delivering performance for Colliers clients in a competitive market place. 

Dominic leads the Manchester Office Leasing Agency team and has an excellent track record of maximizing clients asset’s value by advising on asset management strategy, building refurbishment and occupational requirements.

Dominic was during the period from 1993 to 2004 a Partner at Manchester based Edwards & Co Chartered Surveyors. Extensive experience was gained in advising property developers, funds and occupiers on their commercial real estate portfolio.

From 2004 to 2016 significant development experience was achieved as Director at a major North West based commercial property developer and investment company. This role involved managing many key development projects and land acquisitions / disposals for mixed use developments, residential, commercial and hotel uses. The role allowed him to work closely with Local Authorities, planners and numerous professional consultants.

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James Preece

Director

National Offices

Bristol

I am a Director in the National Offices team based in Bristol and have over 24 years experience.

Having joined Colliers in August 2008 my role has included numerous disposals and acquisitions in the South West for a myriad of clients, from large funds such as Aviva to private individuals.

I previously worked for Bidwells Business Space Agency team in Cambridge (2003 -2008) where I specialised in office and research & development disposals and acquisitions.

Before this I worked for Chesterton International Plc in Central London. After qualifying as a member of the Royal Institution of Chartered Surveyors in 2001, I remained in the City office agency team.

 

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