Comfort proves key for Manchester businesses
24 May 2012
In a recent survey of office-based businesses in Manchester*, conducted to coincide with the British Council for Offices annual conference, Savills found that comfort of work space, public transport access and proximity to clients were the most important factors considered when choosing office space. Surprisingly occupational cost was ranked only fifth.
With public transport featuring high on the criteria list for new office space, Savills also posed the question of whether rising fuel prices would affect future locational decisions, 27% of respondents agreed that it would.
James Evans, office agency Director at Savills, comments: “Public transport access has become an increasingly important factor for businesses in Manchester, which combined with the concern of rising fuel costs, could indicate a trend towards centralised locations, particularly for those larger corporate companies with no geographical loyalty. We are already seeing the likes of Bupa and Jacobs, who both have significant live requirements, considering the relative merits of an in-town versus out of town location.”
The Savills survey also asked what companies felt the biggest challenges facing Manchester as a business location were. The responses showed that many were concerned by the region’s workforce being lured to London and the South East, as well as competition generally from the South. However, Savills notes that the city’s strong presence on the global platform and its diverse workforce has sustained Manchester’s position as a prominent European regional business location.
*1400 business surveyed.
Office & Industrial Agency
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Savills Grosvenor Hill
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