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Manchester has been tipped to lead the uptake of office space in the north-west of England by local experts at the property surveying company GVA.
One of the firm’s partners Simon Reynolds has suggested that office space in outlying areas of the region may struggle to attract or retain tenants but that Manchester is well set for a positive 2011.
New office space projects will continue to reach completion as the year unfolds and schemes in and around Manchester look likely to remain popular with businesses aiming to establish themselves or continue their growth in the north-west, Mr Reynolds told the Manchester Evening News.
Office space in Liverpool performed well last year as well but Manchester is believed to be particularly well placed to grow its international reputation over the next 12 months or so.
Another expert commentator, Mark Bamber from the commercial property consultancy Lambert Smith Hampton, told the same paper: “Having overtaken Birmingham, and sitting comfortably above the likes of Leeds, Edinburgh, Glasgow and Bristol in a recent survey of the best European cities to locate a business, it would appear that Manchester’s claim to the unofficial title of the UK’s second city has been fully endorsed.”
A report from Lambert Smith Hampton last month noted that the take-up of office space in Greater Manchester grew in scale by around 45 per cent during 2010 to almost 2m sq ft from 1.3m sq ft in the previous 12 months.
Salford Quays and particularly the MediaCityUK project being spearheaded by the Peel Development Group is among the most high profile schemes currently on-going in Greater Manchester, with sizeable areas of office space currently being brought to market at the site on a monthly basis.
