Manchester Office Space up 44%
In a recent study, 2018 take-up in Manchester was found to have risen by 44% from the previous year.
That was the second largest take-up after Glasgow at 52%, but when you consider that Glasgow is lagging behind at 962,921 square feet to Manchester’s 1,750,562, it’s clear that the former is the more significant finding.
- Huge office buildings are being constructed at a fast rate, flexible workspace is at the heart of the boom – 125 Deansgate opens in 2020
So, why is this the case? Partly because Manchester had the highest office investment volume, increasing 8% from 2017 to £989 million in 2018.
Our conclusion? Brexit isn’t totally discouraging businesses from acquiring office space in major UK cities, with infrastructure a major factor in choice.