Publication

Spotlight: Manchester Office Market – Q2 2017

The most interesting investment opportunities in the City will probably be in the edge of core markets

Summary

■ Manchester and Salford are both well exposed to growth sectors of the economy, and as such are forecast to see stronger than average employment growth over the next five years.

■ Overall take-up of office space in Manchester was up 20% year on year in the first half of 2017. We expect this trend to continue through 2018, and this will put further pressure on the Grade A supply.

■ Falling Grade A availability will push prime headline rents upwards in the City centre over the next few years.

■ The investment market in the first half of 2017 has been restrained by lack of prime stock. However, we believe that there are interesting opportunities for investors away from the City's prime core.

■ Looking to the medium term, the final section of this report touches on three future themes that are likely to be important in Manchester's office market over the next decade.

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Simon Smith

Simon Smith

Senior Director
Research & Consultancy

kamaco Two Exchange Square, 23/F

+852 2842 4573

 

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