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Empty office space to rent at the 3 Hardman Square development in central Manchester looks set to be snapped up as a number of businesses are in talks to make their move.
CB Richard Ellis (CBRE) has been tasked with finding new tenants for the office space currently being vacated by staff of the law firm Halliwells, which went into administration over the summer, and there are already reported to be a number of very interested parties.
Accountancy giant KPMG and the law firm Pannone are said to be among those seriously considering moving their respective workforces to the 3 Hardman Square site, which is one of the most sought after office space locations in the north-west of England.
Large-scale grade A office space is at something of a premium in Manchester and so CBRE is not anticipating having any difficulty in finding occupiers for the newly-available real estate.
Will Kennon from CBRE told the Manchester Evening News: “In the current market, the opportunity to acquire in excess of 40,000 sq ft of grade A accommodation within Manchester’s traditional business district is otherwise only available by pre-letting.”
“We’ll be quoting a rent of £30 a sq ft. For large office occupiers there’s no other option in town except 3 Hardman Square, and the city has already seen several deals signed this year at £29 a sq ft.”
Data compiled by CBRE recently showed that there had been close to £300 million worth of investment in Manchester office space in the first half of this year, which makes the city’s commercial property the most popular of any in the UK outside London.
