Investment in Manchester is no new thing. However, Lambert Smith Hampton’s research has thrown into very sharp relief the myriad of factors that contribute to creating the right environment for a successful economy.
We are already hearing reports of quickly increasing rents and it comes as no surprise to us that a 6% rise is anticipated in the new year. However, the take-up of office space is not necessarily keeping up with its construction; the tenants are leaving behind spaces that aren’t necessarily being filled. The increased investment will add fuel to the economy and create the jobs that will of course need office space. Everything with the economy is cyclical so long may this confidence continue!
Property investors recognised Manchester as the most attractive opportunity in the Northern Powerhouse A large education pool and transport links were highlighted as reasons for the city’s popularity with investors, along with its reputation as a great location for business High demand for Grade A office space in Manchester will see the headline rents rise by 6% per sq ft in 2017