In its latest (3Q15) Market Report on the European office sector, Savills noted that prime rents and secondary rents in Manchester were, respectively, EUR495 and EUR400 per square metre per year. Year-on-year growth in prime rentals has risen/fallen from 6% to 1% since 1Q15. Looking forward, Savills anticipates that take-up of office space will remain unchanged. Supply of new space is expected to fall. Prime rents are expected to rise. In its report, Savills highlighted the shortage of Grade A office space in Manchester.

Source : Savills/December 2015/Manchester/OFF