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Manchester heralded as hotspot for commercial property | 13 September 2011

The North West of England has been earmarked as a hotspot for commercial property by an industry expert.

Steve Widdowson, who is director of British commercial property firm Magnus, has stated that many businesses should consider relocating offices in cities like Manchester or Liverpool rather than assuming that London is their best option.

He claimed that many businesses choose to locate their headquarters in the capital just so they could have the glamour of a London postcode address.

Speaking to Commercialfinancegroup.co.uk, he said: “Setting up office in London does not always make sense – it obviously all depends on the circumstances of the specific company.

“I would like to think business owners think more about the individual requirements of their company and spending within their means – as rent on commercial property is obviously a big outlay, than how their reputation based on the location of their office.”

This will allow them to make the decision, re-locate and then focus on their other duties, rather than worrying about managing their new property.

Widdowson concluded on webwire.com by confirming that Manchester specifically had firmly established itself as Britain’s second city due in part to the terrific performance of its commercial property sector and the continuously high standard of graduates from its university.

Written by Jo Elvin on behalf of Qube Global Software

While posted by Qube Global Software all views expressed are not necessarily those of the company. All facts are verified where possible directly by the author.

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