To read this full article you need to be subscribed to Newsline.
Sign in Sign up for a FREE subscriptionManchester emerges as a frontrunner in the U.K. regional office market
Manchester has emerged as a leading regional office market in the United Kingdom thanks to its growing economy, favorable demographics, tight supply and devolved government.
Callum Hassall, a partner at law firm McGuireWoods London, says recent large office deals and growing positive sentiment among both prime office landlords and letting agents is pointing toward Manchester establishing itself as a top regional office location in the United Kingdom.
According to the Manchester Office Agents Forum, there was a significant increase in office take-up in the city in the third quarter of 2024. Bank of New York Mellon’s 196,000-square-foot (18,209-square-meter) takeover of office space at 4 Angel Square and ARM’s 69,000-square-foot (6,410-square-meter) deal at St Michael’s, the city’s new mixed-use redevelopment project, contributed to a total of 432,000 square feet (40,134 square metres) of office space being let in the third quarter, up from 332,000 square feet (3
