Chester Business Quarter Moves Forward
Plans for a new Central Business Quarter in Chester, which would deliver 500,000 sq. ft. of office space, are to be discussed by the cityΓÇÖs council as they seek to build a framework that would allow the historic city to realise its full commercial potential within the North West region.
The proposed development has been the subject of a six month long public consultation which was described by Councillor Herbert Manley as having gone ΓÇ£extremely wellΓÇ¥. Having seemingly leapt this hurdle formal approval for the site will now be sought.
In addition to the 500,000 sq. ft. of office space the scheme would provide for businesses operating in Chester, an additional 150,000 sq. ft. of retail and leisure space would be created with the possibility of over 1000 jobs being created, 870 of which it is claimed would be ΓÇ£high-value knowledge-based positionsΓÇ¥ in a press release from the council.
The creation of this new office space in Chester City Centre, which would be located near the cityΓÇÖs train station, could also prove appealing to providers of serviced office space.
As an increasingly attractive workspace solution for cost-conscious businesses, the opportunity to help businesses locate to within such a district may well prove appealing. Anyone considering enquiring about such an opportunity however will find they have time on their hands, with the scheme expected to take up to 15 years to complete.
officebroker.com currently advertises 26 serviced office buildings within the Chester area, ranging from locations within the city centre to out of town business parks.
Since the beginning of 2010 officebroker.com has recorded a 36% increase in the number of enquiries it has received for serviced office space in Chester and currently tracks the average price of a serviced office workstation at ┬ú176.00 ΓÇô 16% higher than the regional average of ┬ú151.00.*
*Based on internal data from officebroker.com: Jan – August 2010 vs. Jan ΓÇô August 2009.