Regeneration in Salford Quays sees new offices available
New office developments have made Salford Quays a promising place to relocate to
If your business is considering a move to the area of Salford Quays then it will come as welcome news to learn that the area is receiving a considerable amount of interest thanks to investment in the new phase of MediaCityUK. New office space is springing up around this key northern hub that puts businesses in easy reach of Manchester and just a quick train ride away from Birmingham, Liverpool and London.
Central Salford Urban Regeneration Company are backing the turn around of the area to ensure that it continues to experience economic growth by attracting businesses to the region. They have channelled funding into abandoned properties across Salford Quays in order to create modern commercial properties fit for businesses moving office. Currently, there is still a slowing in the pace of the nearby Manchester office market with a present trend that reflects an oversupply of desk space. Jones Lang LaSalle have reported that there is currently 2.4 million sq ft of office space yet to be utilised.
However, plans for new office constructions are decreasing and this surge of activity in Salford Quays will soon reduce once new office projects reach completion. Tenancies are likely to be favourable to tenants seeking to move offices to the area and demand for offices in Salford Quays is thought to increase in the coming months.
