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Grade A shortage May Spark Rent Increase In City Centre offices

31st Jan 2011

The latest statistics emerging from the Manchester Office Market suggest that there may well be a shortage of new office space in Manchester City Centre over the next few years which could lead to rental growth. Take up of office space reached an impressive 1.3 million square feet which made it one of the best years activity for` many years. With no new developments due to start owing to a lack of finance, the supply of space has already fallen back to the long term average which means that the days of lower rentals and long incentives are probably over. Well refurbished space can fill the void left by the lack of new builds and many occupiers looking for  space to rent in the city centre are having to consider these buildings as an option. There are still some competitive deals left in the city centre and any small business looking for office space in the city centre need look no further than 19 Spring Gardens and 44 Peter Street where we have very attractive suites to let in well refurbished buildings, both in prime locations. For more information please contact Magnus on www.magnusuk.com or phone us on 01625 422065