Manchester boasts the second-largest city economy in the UK and offers businesses a strong support network. As a major start-up centre with unrivalled access to talent and plenty of opportunities for growth, coworking space in Manchester is on the rise, giving businesses the chance to work in more affordable, agile and social spaces.
There are 10 metropolitan boroughs of Greater Manchester, which make up the largest city region economy outside of London. Local businesses looking for coworking space in Manchester will find themselves at the centre of a dynamic industrial hub, and entrepreneurs can expect a fast-paced business atmosphere.
Notably, Manchester has also attracted more foreign direct investment in the past 10 years than any other city outside of London. More than 2,000 foreign-owned companies call the city home today, including Kellogg’s, Siemens and Google.
Once dominated by the textile industry, Manchester is now a highly diversified business environment. Industries in Manchester include manufacturing, research, life science, financial, professional and business services.
There’s also a mix of world-class creative and digital businesses in the city. The Northern Quarter is well-known for its creative industries, especially fashion design, while Oxford Street is a major retail hub. Central Manchester is the main business district, home to several large companies as well as plenty of bars, pubs and leisure activities.
Manchester remains the second-largest flexible workspace market within the UK after London and has maintained its position thanks to an increase in supply of nearly 17% during 2019. This pushed the number of spaces up to 160.
Rates continue to rise in this market, with a substantial increase this year, pushing the average up to £388 per workstation per month. This increase has been helped by a rise in larger requirements taking on premium spaces that provide additional space per desk and increased services. Alongside this, we have seen the average quality of stock continue to increase in the city as the market matures.
To find your ideal office, our workspace specialists will undertake extensive searches with a network of trusted office providers (inc. landlords and commercial property agents). We share your enquiry details with them in order to locate the ideal space for you. A member of the Instant team or service office provider will be in touch with you by phone or email, shortly to discuss your requirements.
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