Liverpool is rapidly becoming one of the most vibrant cities in Britain, having won the European Capital of Culture for 2008. Tourism has experienced high growth in the Merseyside area, and local businesses have prospered as a result. The commercial property sector has benefited particularly, with many new and innovative developments springing up across the city centre.
The city centre is relatively small in comparison to other major cities such as Manchester and Birmingham. Nevertheless, there is plenty of choice available to clients looking for Serviced Offices, ranging from 18th century period properties to cutting-edge developments such as the Liverpool ONE complex. Conventional office space is well-priced and there is a good level of choice. Similarly, the serviced and managed office space sectors are highly competitive, offering some of the lowest desk rates in the UK. The average workstation price hovers around the £300 mark, although this does vary according to the time of year, and the type of property on offer.
Liverpool’s economy is strong and continues to show healthy growth. The service sector is now the city’s largest industry, with massive shopping developments attracting many visitors. As a result of the low commercial rates on offer, and the comparatively high standard of living in the city, many large corporations have relocated their offices to Liverpool. A notable example of this is ASDA, which took large office space there recently.
New developments in the city that are worth keeping an eye on are the Plaza, and also the new leading-edge centre at Exchange Flags. Details of these properties and more can be found on our award-winning website.
Big operators and landlords of serviced offices in the area comprise Bruntwood, which is by far the largest landlord in the North West, with a very strong presence in Manchester especially; Regus, which has good coverage of the region, and operates a beautiful and contemporary centre in the city; DBH; and City Executive. Each operator has something individual and exciting to offer prospective clients.
All in all, Liverpool is a booming and exciting city. The serviced office sector is generating high returns, both for the landlords, and for the tenants who can take advantage of great rates in some of the highest-quality buildings in the North West.