Manchester Office Market Set for Boost
The office space market in Manchester is expected to receive a major boost this week, with the largest office letting of the year only days away from being signed according to leading property magazine Property Week.
Focused on BruntwoodΓÇÖs City Tower, the deal would see Aegis take 36,000 sq. ft. of office space as part of a major inward investment deal, with the IT and Services firm hoping to double its presence to 70,000 sq. ft. during the next 4 years.
Considered a sign of confidence in the economy of Manchester, the move is expected to create over 350 jobs and will double the amount of grade A office space let in Manchester since the beginning of 2011.
Based on data from the UKΓÇÖs leading online broker officebroker.com, another area of ManchesterΓÇÖs office market due to report positive news is the 53 location strong serviced office sector.
In the Q2 edition of the firmΓÇÖs city centre research, City Focus: Manchester*, a 35% increase will be reported in the number of new businesses entering serviced offices across the City Centre since the beginning of 2011. The report will also show that the average price paid per workstation and license length to have increased.
*due to be published on Tuesday 19th July.
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