Manchester is one of Europe’s major business locations, with 80 of the FTSE Top 100 companies having a presence here and an increasing number of technology companies, such as Amazon and Booking.com, opening significant offices.
ID Manchester is excellently located in the south of the city centre adjacent to Piccadilly Rail Station and the University campus, and forms part of the Oxford Road Corridor. It benefits from a 20-minute direct connection to the airport via rail, providing international links.
The way of life and cosmopolitan culture are major attractions to Manchester. The city is ranked number 1 in the UK in The Economist’s Global Liveability Index, scoring highly on indices for quality of life and attracting inward investment.
The local neighbourhood is recognised as home to one of Europe’s most important innovation ecosystems, with an established reputation in pharmaceuticals, bio and life sciences, health care, medical devices, education and digital industries. The area generates approximately 20% of the city’s economic output.
Businesses locating at ID Manchester will be able to leverage the skills, research capability and support networks already established in the local neighbourhood, and access the international talent pool generated by the University’s teaching and research specialisms across multiple sectors.
The site benefits from a unique character created by the 650,000 sq ft (60,387 sq m), Grade II Listed Sackville Street Building, which offers a fascinating opportunity for re-purposing. The existing green space and gardens will be greatly improved and enhanced.
The city’s property market is exceptionally strong. Office space take-up reached a record of 1.4m sq ft (130,064 sq m) in 2019 (headline rents at £36.50 psf [£3.39 per sq m] and prime yields at 4.75%). Residential development is at a record high in the city.
Hotel demand is very strong for the city at an average of 80% occupancy in 2019 (excluding budget hotels) with 4,000 beds being developed since 2010 and a further 3,800 beds currently being delivered through live projects.