Manchester office market picks up
Now is the perfect time to get a great office space in an international business hub with an office move to Manchester
There couldn’t be a better moment to make an office move to the vibrant city of Manchester following the news that the office market in Manchester is on the up.
If you are considering an office relocation in Manchester you’ll be moving into a vibrant commercial property market with so much to offer its tenants. A recent office market report has shown that the market has ‘rebounded strongly’ over the course of Q3 with a staggering 91 percent increase on the previous quarter’s results. Companies have been quick to take up office space in the Northern city with approximately 327,065 sq ft (30,385 sq m) of prime commercial office property let to companies in the city.
Prime rent remains at a competitive rate of £28.50 psf pa across the quarter. Further good news comes for companies in the business services sector and those who are working in professional and insurance provision with these two areas alone taking up three quarters of the corporate space leased. Most companies chose to relocate to second-hand office space, with new office spaces on the market looking likely to remain stable in terms of demand until the end of the year.
However, if your business is considering moving office to Manchester during the course of next year you’ll need to be quick off the mark, as the availability of grade A office space is expected to drop.
Beat the rush and get more advice on your office relocation and to find commercial property agents in Manchester, please visit our Manchester Moving Office Guide.
