^{Source: Savills Research}

■ Insurance & Financial Services was the most active business sector during Q1, accounting for 22% of take up, followed closely by the TMT sector. Take up for the TMT sector rose from 14,000 sq ft during Q4 2015, to 40,000 sq ft during Q1 2016.

^{Source: Savills Research}

■ Availability of Grade A space in the city centre rose by 229,000 sq ft to 415,000 sq ft, due to One New Bailey, XYZ Spinningfields and 101 Embankment all set to complete in the next six months.

■ Grade B accommodation continues to experience a tightening of supply and despite a number of large schemes now being underway, most notably Aviva's 11 Portland Street, the ability for an occupier to secure good quality refurbished accommodation on a large scale is constrained.

^{Source: Savills Research}

■ During Q1 2016, Squire Patton Boggs took space at £33.50 per sq ft, the only deal over the £30 per sq ft mark. This accounted for 15% of total take up, though most space was let between rents of £15.00 and £19.99 per sq ft (42%).

■ Looking forward, Savills expect prime rents to reach £35 per sq ft by the end of 2016, a 3% rise on the top rent recorded during 2015.

■ XYZ, Spinningfields, was acquired by Union Investments for £85m, reflecting a yield of 4.8%. The circa 160,000 sq ft building was predominantly pre-let to Shoosmiths, NCC and Global Radio, contributing to the highest Q1 investment level since 2010.

^{▲ XYZ Spinningfields}

^{Source: Savills Research}

^{Source: Property Data}