Office space in Manchester
Manchester sat at the centre of the industrial revolution in the UK during the late 19th century, with people flocking from all over the country to work in the textile sector. It’s a city filled with ground-breaking history – the world’s first train station was built here, as was the world's first electronic stored-program computer and the atom was first split in Manchester in 1917.
It’s an economically and culturally diverse city with a population of just over 500,000 people and 2.7 million in the region as a whole. Employment is enjoyed across a range of different industries and the success of the local economy can be seen in the record amount of office space currently being rented.
Companies working in property and real estate, finance and law have flocked to the city in recent years, with more flexible office space than ever being leased in 2018. That trend continued in 2019, with well over 1 million sq ft of Manchester office space being snapped up by businesses of all sizes.
Transport is never a concern in Manchester thanks to the strong infrastructure on rail, road and air networks. Manchester Piccadilly is the main train station in the city, which enjoyed over 30 million entries and exists during 2019. Manchester Victoria is another main train station that receives millions of passengers every year. It takes two hours to travel to London and connects businesses to all the major cities across the UK.
Manchester Airport is one of the busiest in the UK and offers flights to the United States, mainland Europe, Middle East and Asia, allowing companies of all sizes to build international relationships regardless of their status.
The city is also home to the UK’s largest light rail network, the Metrolink tram service, which bridges together a number of surrounding towns and villages. Manchester is circled by the M60, with the M56 found in the south of the city.
Plans for the £1.4bn regeneration of Mayfield Park revealed work is set to start in 2020, with a 15 year completion deadline. This will create a 6.5-acre (26,000 sq m) public space, 1,500 new homes, 75,000 sq m of new office space and a 650 bedroom hotel. New bridges across the Medlock will also be built, along with a 545-space multi-storey car park.
Manchester produces a gross value added (GVA) of £62.8 billion, with the economy growing by the decade and as a result driving job growth in the city. As of 2016, just over 1.3 million people were employed in Greater Manchester, with more people finding work in the region than anywhere else in the north of England.
Sectors such as advanced manufacturing (automation), tourism, environmental technologies and media also contribute heavily to Manchester’s economy. Almost half of the Northwest's Top 500 businesses work in the region and it is also home to Manchester City, one of the highest earning football clubs in the world.
Vitro Fertilisation (IVF) was first introduced in Manchester, which underlines the important role played by the life science and healthcare sector. There are almost 176,000 people employed in health and social care in the region, and it is the only city in the UK to have devolved control of a health and social care budget worth £6bn.
Which businesses are in which areas?
The types of businesses operating in Manchester are wide and varied, a city where entrepreneurs have every chance to make a success of their new venture, while large corporations set up head office operations due to the inviting lease rates which can offer up to 40% lower operating costs compared to London.
Popular areas in the city include Piccadilly Gardens, which features a number of recruitment companies. There is plenty of expansive greenery nearby and it is located close by to the main transport links in the city centre, along with retail shopping centres, bars and restaurants.
The newly developed Spinningfields is a modernised district of Manchester that is home to mostly legal, banking and insurance firms. It is well served by local transport and is also where the local law courts are situated.
Ancoats Urban Village brings together a cluster of creative-based companies working in newly refurbished mills that played a central role during the industrial revolution. These historic buildings are also situated close by to good transport links as well as retail and commercial areas.
To the north of the city is the £800 million, 20-acre mixed-use redevelopment scheme called NOMA. This encompasses offices, retail, leisure and residential space and is one of the largest new developments built in the UK over the past 5-10 years.
Manchester Rental Guide
The typical cost of renting flexible office space in Manchester city centre varies from £100-£500 per person/per month. It varies based on office type, office location along with the facilities that are included.
Below is a breakdown of the average cost of renting a flexible office space in Manchester city centre*:
*Guide prices per person per month, excl. vat.
Offices to Rent in Manchester
Whether you’re an individual, start-up business, SME or large organisation, here at Prime Office Search we can help you in your search for serviced offices, coworking space, virtual or managed office space in Manchester. Our team of experienced consultants will work closely with you, to find your ideal Manchester office solution.
Our independent and experienced team are ready to assist you with your Manchester office search; we offer a unique, personalised and tailored approach, working with businesses of all shapes and sizes, offering an effortless way to find office space in the city of Manchester.
Our portfolio comprises over 2,500 types of office space and meeting rooms available to rent in Manchester and across the UK, all available on all-inclusive, flexible terms. Our service is 100% free and impartial, with no obligation.