Manchester office space booms but new home building falls for the first time in seven years
Manchester's office space is booming after the amount created across the city in 2022 rose above the average for the last 15 years.According to the latest Manchester Crane Survey, which is complied by professional services giant Deloitte, the city's cultural sector lead a boom in construction across the city las year.Around 381,000 sq ft of new leisure and retail space was started to be built last year, alongside a record delivery of over 1,500 new hotel rooms.
Joanne Roney, chief executive of Manchester City Council, said: "As a city, we’re incredibly proud of our strong cultural ties, providing a diverse and vibrant destination for people from around the world. A total of six office developments remained under construction, set to deliver 1.7 million sq ft of office floor space, sitting above the 15-year average of 1.1 million sq ft.
"In addition, as new EPC minimum requirements hit commercial offices in 2025 and again in 2027 as well as 2030, the ESG credentials of existing office spaces is likely to only further increase, particularly as owners are compelled to retrofit and decarbonise their existing estate." In Manchester city centre, Great Jackson Street has helped to deliver 2,632 homes since 2014, notably with the Deansgate Towers development.Mr Cooper added: "An increase in city centre living means people's commutes are shorter and they have access to more sustainable modes of transport.
Education Manchester delivered 263,000 sq ft of floor space in the year, with a further 306,000 sq ft to be completed in 2023.
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