Every now and again I like to go slightly of topic.
With the exception of Manchester, Avison Young’s latest Big Nine report showed that the amount of square footage let for commercial space was dramatically down during the second quarter of the year.
Take-up in Leeds, Liverpool, and Newcastle shrunk 50%, 72%, and 55%, respectively, during Q2. A decrease in take-up was in line with national trends, which saw an average decrease of 13% across Birmingham, Bristol, Cardiff, Edinburgh, Glasgow, as well as the Northern cities.
That 13% figure could have been worse – but Manchester and Bristol bucked the trend. In Manchester, take-up increased by 40% on the previous quarter. Bristol’s numbers were 12% higher this quarter.
With the exception of Manchester, Avison Young’s latest Big Nine report showed that the amount of square footage let for commercial space was dramatically down during the second quarter of the year.
www.placenorthwest.co.uk
Research by JLL found that the monthly price paid for new-build apartments in the city and neighbouring Salford has increased by 50% over the last three years, while Leeds remains the cheapest of the UK’s six largest regional markets.
In the first half of 2021, the average rent for one-, two-, and three-bedroom apartments in Manchester was £1,200.
This has risen to an average of £1,800 in the first six months of 2024 and equates to rise of between £100 and £200 every six months for the last 26 months.
Research by JLL found that the monthly price paid for new-build apartments in the city and neighbouring Salford has increased by 50% over the last three years, while Leeds remains the cheapest of the UK's six largest regional markets.
www.placenorthwest.co.uk
