Greater Manchester office market receives market report analysis

National commercial property consultants Lambert Smith Hampton (LSH) have released a research report into the office market trends in the Greater Manchester area, providing an in-depth information source for any company thinking of relocating to the northern city. 

 

The ‘Greater Manchester Office Market Issue One’ report provides an insight into Manchester’s office space climate, outlining a city experiencing annual office take-up second only to the capital city. With average annual take-up approaching one million sq ft (calculated over a decade), Manchester is a prime UK business hub and those considering an office move would do well to ask what the city can offer their company.

 

With transport links to Manchester International Airport and Manchester Piccadilly, the city has become the home to companies of international renown who recognise the wider gateway Manchester can offer. One such company to base their headquarters in the city is Kelloggs, basing their UK corporate operations in what the report describes as “the largest financial and professional services centre outside of London”. 

 

The forecast for Manchester’s position in the commercial property ranks is stable for 2010 and 2011 with the focus on Piccadilly and Spinningfields as key areas for expansion. Landlords are expected to “increase incentive packages” in order to attract occupants with £28.50 per sq ft projected as a rental values forecast for the City centre office market.

 

For highly competitive space outside the capital, those thinking of relocating their workspace should ask Help Moving Office whether Manchester can provide the location solution for their needs.

So, if you are considering moving office to Manchester then make sure you use this free Office Relocation Checklist.