Manchester sees rise in office occupation

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Office space management company Magnus reports on an increase in the take up of office space in Manchester over the past year according to data released by the Manchester Evening News.

The taking up of office space in Manchester has increased over the past year according to recent data released by Manchester Evening News. http://www.manchestereveningnews.co.uk/business/property/office-take-up-manchester-city-centre-2564998

Manchester experienced a strong finish at the end of 2012 and continues to see a healthy uptake in take-up in the first quarter of 2013 demonstrating the demand for office space in Greater Manchester remains high.

The research, produced by the Manchester Office Agent’s Forum, shows that office take up in the first quarter of the year was up 61 per cent on 2012, with 274,800 sq ft being occupied compared with 169,891 last year.

Some of the highest profile deals include the likes of WorldPay which took 22,000 sq ft at 3 Hardman Square, Spinningfields, and Traveljigsaw which took up 63,000 sq ft at Sunlight House, Quay Street. The south of Manchester also experienced a very healthy increase in take up during the first quarter, from 136,000 sq ft to 29,286 sq ft.

Meanwhile in Warrington there was a 120 per cent rise in take up as the town experienced a massive boost to its property market. Figures in the town were bolstered by United Utilities which took up 10, 681 sq ft at Lingley Mere and MWH, which took up 13, 457 sq ft at Dominion House.

Steve Widdowson, Director of North West property specialist and management firm Magnus, commented:

”The demand for office space in Greater Manchester continues to grow, which is very promising for the area considering how tough economic conditions have been in the past year. As more companies within the region expand their operations, we should see an increase in confidence amongst businesses, and that should attract even more investment in Manchester based property.

“This healthy growth is great for the property market and will hopefully give the local economy a boost by increasing the number of jobs being created. The last thing anybody wants to see is a lot of unused office space around the city, especially as so much of it is top quality property. More businesses are recognising that the region provides great property and space for growth and they are taking advantage of it.”

Magnus UK specialises in office space across the north west. For more information about the firm and to view their latest vacancies in Manchester city centre and the surrounding area visit

http://www.magnusuk.com/

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Steve Widdowson
Magnus
01625 422 065
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