And David Porter, head of Knight Frank's Manchester office, says the city region might need a publicly-backed commercial investment fund to help support its ongoing regeneration.
Knight Frank's figures showed improved occupier activity in H1 2024, with take-up reaching 504,885 sq ft - up 29 per cent on H1 2023 and 14pc above the fiveyear H1 average.
The professional services sector accounted for more than half of all space leased across 36 deals.
Within that, serviced office providers represented 46pc of total professional services take-up with the largest single letting seeing Cubo taking nearly 60,000 sq ft at WeWork's former home of No.1 Spinningfields.
Manchester registered the highest year-on-year rental growth of regional cities at 13pc, alongside Bristol and Sheffield. Rents reached £45 per sq ft in Q2 2024, with prime rent up 20pc since the start of the pandemic.
Esta historia es de la edición August 08, 2024 de Manchester Evening News.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor ? Conectar
Esta historia es de la edición August 08, 2024 de Manchester Evening News.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor? Conectar
I've gone from this kid with a dream to singing for the Pope
SCOTTISH SINGER EMELI SANDÉ REFLECTS ON RECONNECTING WITH HER ROOTS AND TAKING CONTROL OF HER MUSIC THROUGH STARTING HER OWN LABEL.
'Annoyed' Blues boss is 'obsessively' working to halt a dismal run of form
PEP Guardiola is 'annoyed' and 'obsessively' looking for a solution to City's drastic drop in form.
Coe has appetite for change in IOC
LONDON 2012 GURU IS OUT TO REFORM OLYMPIC COMMITTEE
Hospice funding help is welcomed
HOSPICES in England have welcomed a multimillion funding boost but the Government has been accused of “giving with one hand and taking with the other” amid costs caused by a national insurance rise.
Starmer backs Siddiq
SIR Keir Starmer has backed Tulip Siddiq, Downing Street indicated, after the Treasury minister was named in an anti-corruption investigation in Bangladesh.
'Uncertainty' is cause of rate freeze
THE Bank of England has held interest rates at 4.75% due to “heightened uncertainty in the economy” following the UK Budget and US presidential election.
The art of connecting with nature
I will always insist that getting outdoors is the best way to engage with the amazing nature we have in Manchester.
Drug dealer lived high life before arrest
A DRUG dealer who enjoyed luxury holidays in Dubai with his ill-gotten gains was caught out after being stopped in the street by police.
100mph racer killed England youth footballer
A 'BOY racer' who reached speeds of almost 100mph at an unauthorised car meet later struck and killed a budding young footballer.
Charity calls for inquiry into GMP use of Traveller dispersal order
A CHARITY representing Romani Gypsy, Roma and Irish Traveller communities has brought an official complaint against Greater Manchester Police following the force’s controversial use of a dispersal order.
