Spotlight | Manchester:

Where are the gaps?

Manchester: Where are the  gaps?
Manchester: Where are the gaps?

29 November 2017, by Savills Research

Manchester needs more development across all property sectors. Opportunities are strong for developers that can deliver stock into the mainstream market

■ Strong demand and low supply of Grade A offices is starting to drive up Grade B rents. Looking forward we see this driving demand for serviced offices, light touch refurbishments, and fringe locations.

■ Logistics occupiers will get more creative in their hunt for small-scale distribution locations, taking space in office basements and off-pitch retail units.

 

■ Hotel supply in Manchester looks strong, bringing it in line with demand. If the full 2018-20 pipeline is delivered it will increase total hotel supply by 20%.

■ Manchester’s housing supply has accelerated dramatically, but it still doesn’t meet need. There are lots of opportunities in the mid-market.

■ Manchester’s planning environment is becoming more open to student housing. Students moving to these schemes could free up affordably priced family homes.

Articles from Spotlight | Manchester: Where are the gaps?

An ambitious Northern stronghold

Commercial and residential property supply must diversify to meet growing demand

The race for office space

29 November 2017

The race for office space

The development pipeline will satisfy the demand for Grade A, but what about other needs?

Hotel delivery is picking up

29 November 2017

Hotel delivery is picking up

Hotel supply and demand is becoming well balanced

Everything in moderation

29 November 2017

Everything in moderation

Manchester needs to build more homes to help support its economic growth: housing demand is greatest in the mid market

 
 

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Lawrence Bowles

Lawrence Bowles

Associate
Residential Research

Savills Margaret Street

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Mat Oakley

Mat Oakley

Director
Commercial Research

Savills Margaret Street

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