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.
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