Commercial investment in these UK regions is soaring…

Office take-up in Manchester is at highest level for five years

As one of the UK’s most active business and commercial sectors, Manchester saw 806,024 sq ft worth of office space taken up in the first half of 2019.

A quarterly report by advisers Colliers International revealed figures behind Manchester’s growing office space market. In Q2 of 2019, office space take-up totalled 491,291 sq ft across 26 deals. During the first half of the year, 806,024 sq ft of space was taken up in 124 transactions, which is the highest level for five years. If demand continues in this way, Manchester is set to exceed the five-year rolling average of 1.2m sq ft in year-end take-up.

During the first half of the year, businesses in a variety of sectors took up office space. Serviced offices, media and tech, financial services, business services and legal businesses led the way. With a booming economy, Manchester has thriving business and commercial sectors, and the data shows there’s confidence in the commercial sector, which is likely to also bring benefits to the residential property market.

Employment and population growth

The population of Manchester is rising quickly, especially among young professionals. There was a 117% spike in people moving to the city in July 2019 compared to the same month last year. As more companies in a range of fields open offices in Manchester, this is likely to drive employment growth and further increase the population. This northern city has even been outperforming other UK regional cities with new job creation.

While Manchester is expected to continue seeing growth in population and employment opportunities, demand is likely to increase in the rental market, especially for high quality homes and flats with easy access to offices, transportation and leisure facilities. Supply might even struggle to keep up with this growing demand, offering plenty of opportunities for investors and landlords in Manchester.

Located less than a mile from Manchester city centre, Johnson’s Square is an investment opportunity with BuyAssociation that incorporates all the technology expected by modern millennial tenants, which is likely to be especially appealing to young professionals.

Self-certified Sophisticated Investor

Please read

I declare that I am a self-certified sophisticated investor for the purposes of the restriction on promotion of non-mainstream pooled investments. I understand that this means:

I am a self-certified sophisticated investor because at least one of the following applies:

I accept that the investments to which the promotions will relate may expose me to a significant risk of losing all of the money or other property invested. I am aware that it is open to me seek advice from someone who specialises in advising on non-mainstream pooled investments.

High Net Worth Investor

Please read

I make this statement so that I can receive promotional communications which are exempt from the restriction on promotion of non-mainstream pooled investments. The exemption relates to certified high net worth investors and I declare that I qualify as such because at least one of the following applies to me:

aerial-view-uk-houses

STAY AHEAD OF THE MARKET

Sign-up for first access to new developments and exclusive property investment opportunities.

We send limited and targeted emails on new launches and exclusive deals which best fit your areas. We are trusted by over 30,000 active buyers as their source for new stock.

  • New property developments
  • Professional market reports
  • Property deal alerts
  • Development updates
UK holiday let

FIRST FOR NEWS AND KNOWLEDGE.

Receive trending news straight to your inbox and stay up to date on all of the property market trends and advice.

Established since 2005 we are a leading voice of authority and commentary on the UK property market. Our news is trusted by Apple News & Google News.

  • UK housing market
  • Mortgage & money
  • Buy-to-let landlords
  • Guides & advice

Talk to us

Speak to our UK property experts today:

 

+44 (0) 333 123 0320

Open from 9am-6pm GMT

 

+852 6699 9008

Open from 9am-6pm HKT