CBRE: Manchester prime office rents up 6.7% over year to 1Q15.
According to CBRE’s EMEA Rents and Yields Marketview, prime office rents in Manchester were GBP32 per square foot per annum in 1Q15, or 6.7% more relative to 1Q14. Rents have risen 12.3% from their lows in the wake of the 2008/09 global financial crisis. Prime office yields are 5.00%, down 250 basis points from their highest levels since the crisis.
Source : May 2015/CBRE/City/OFF