9/28/2023 0 Comments 400 sq ft office layout![]() ![]() There is a variety of tenant’s from companies with regional or global headquarters which include adidas, Siemens, Kellogg’s and Baker Tilly LLP. Excellent transport links on top of the development of the HS2 and Northern Powerhouse high-speed rail will increase Manchester’s connectivity to other cities. Manchester is innovative, competitive and attractive to investors yet reasonably priced. Other significant deals for MMU, Peak AI and Cloud Imperium Games made a combined contribution of over 100,000 sq ft to Manchester’s total. There were a number of large deals throughout 2022 with Deloitte’s new 63,000 sq ft office being one of the largest. There is strong activity and a confident outlook for 2023 and top rent is expected to reach £40 per sq ft. ![]() This was 15% higher than the 1m sq ft take-up figure in 2021 and got close to the significant 1.45m sq ft recorded in 2019. This activity helped the yearly transactions for the city to reach 1.2m sq ft. Manchester finished 2022 with a flurry of deals in the city centre with take-up totalling 323,800 sq ft in Q3 and 427,000 in Q4 of 2022. We have put together a summary of some of the major players, outlining the average costs of office space in both the city centres and fringes of key locations throughout the UK. ![]() The average cost of office space across the UK ranges depending on the location, the type of property, the grade of the space, and the time it’s been on the market. This flight to quality is forcing landlords to refurbish and improve their assets to attract tenants. As companies look for new premises, they are turning to amenity-rich office buildings with good sustainability ratings. Tenants are realising they need less space which is leading some to downsize their offices. Organisations will continue to operate with flexible working arrangements but their focus is now on their real estate. Hybrid working is becoming far more established and widely accepted which has slightly changed the outlook for UK office space in 2023. There is a further 4.1m sq ft of development space in construction due for completion by 2024 with 26% already pre-let already. This represents a 10% increase on 2021 and a 30% increase on 2020 figures. Importantly, there has been positive growth in the market and the total uptake of office space across the UK is 3.7m sq ft (YTD). We’ll get you set up, then you can get in and get right to work.Over the past two years, the commercial property market has evolved to meet new demands for space. On delivery day, we’ll show up with the unit plus any add-on Essentials that you ordered. Our Mobile Office Trailer Rental Guide provides important information to help you prepare the site and be ready to take delivery of your office trailer. When you work with WillScot you can be sure that every part of the delivery and setup process will be done safely, according to best practices.
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