Need to rent an office?

CALL: 020 3053 3882

Blog

Manchester office space market sees return in confidence

Manchester office space market sees return in confidence

Office properties in the south of Manchester have seen a surge in transactions, according to the Manchester Evening News.

More businesses are taking advantage of low mortgage rates and are snapping up offices in Manchester, signalling a possible return in economic confidence.

Lambert Smith Hampton say that so far in 2009 they have seen a 50% increase in freehold buyers for the office space market, when compared to the same period in 2008.

Speaking to the newspaper, David Thwaites, Lambert Smith Hampton associate director, said:

“A more positive indicator of the market has been a recent increase in freehold transactions. For the first six months of 2009, these accounted for 21% of the total take up, significantly more than the 11% recorded in 2008.”

He also adds: “Activity has been driven by the smaller end of the market, with 85% of total transactions being sub-5,000 sq ft.”

For more details on renting office space in Manchester, go to officebroker.com or speak to one of our regional experts for free help and advice.

Pin on PinterestTweet about this on TwitterShare on LinkedInShare on Google+Share on Facebook

Author: | September 18, 2009 | 0 Comments

Leave a Reply

Your email address will not be published. Required fields are marked *