The growing demand for office space in Manchester will maintain the city’s position as the UK’s biggest regional centre outside London, according to property agency GVA.
Manchester should continue to make strides by leading the way in drawing new business to it’s commercial property space.
Property agency GVA published its latest report on the UK’s ‘Big Nine’ major cities outside the capital and predicts that Glasgow, Bristol and Cardiff would also perform strongly in the coming year, while Birmingham and Edinburgh would continue to enhance their business standing.
The same report notes that the ‘Big Nine’ accounted for 6,700,000 sq ft of commercial office space, a 10 per cent increase on 2009, while Manchester alone accounted for more than one million sq ft. of commercial space..
The Manchester office market was more buoyant last year with Co-op moving to their new headquarters building and Lawyers DWF moving to Spinningfields.
The GVA spokesman commented: “Whilst the overall figure is encouraging it should be noted that the quantum of transactions is not as high as previous years, suggesting that whilst occupier confidence is returning we have not entered full recovery mode in all sectors of the market.
“The signs are promising for 2013 with evidence of significant ‘pre-let’ activity which will not only aid in replicating last year’s numbers, but also help to deliver much-needed built Grade A stock into the marketplace to meet the latent demand.”
Manchester was last year ranked as the second-best place to do business across the UK.
Paul Willan from Manchester based Gregs Properties, recognises the value of Manchester as a location. He said: “A Manchester Office can provide you with a commercial and cultural focus to your organisation. With one of the fastest-growing economies in the UK, Manchester simultaneously meets the demands of small owner-based businesses and global blue chip conglomerates.”
One example of a fabulous city centre location which is at the centre of a thriving business district is Greg’s Building.
This short clip shows the Grade II listed city centre property in all its glory, also highlights some of the city’s commercial property landscape, the social aspects of business life in the city centre and the transport infrastructure that provide a massive benefit for businesses located in the centre of Manchester.
