Flex space UK Research | 30 Manchester Market overview
The Manchester flex space market is the most mature outside London. It has seen a strong rise in recent activity, highlighted by the decision of WeWork to locate its first UK operation outside London in Manchester. Manchester has established itself as the largest regional office market, with a young and dynamic workforce which has helped to boost the growth of the flex space sector.
One of the key characteristics of the Manchester market is the strong presence of national and local operators. For example, local landlord, Bruntwood operates flexible space within its portfolio, with its recent opening at NEO providing a diversified offer of both co-working and private offices, while recent new entrants include
Work.Life and Central Working.
Demographics (Primary Urban Area)
Population 2.0 million
Numbers employed in technology
(Primary Urban Area) 44,800 Flex take-up, 2014-18
100 120 140 160
20 40 60 80
0 2014 Source: JLL 2015 2016 2017 Manchester flex take-up 1Relates to office-based proxy sectors 2018 Self employed1 (Primary Urban Area) 49,600
Key flex transactions 2017-2019 Operator
WeWork WeWork WeWork XYZ Work Huckletree
Source: JLL Address Dalton Place
No. 1 Spinningfields 1 St Peter’s Square 2 Hardman Blvd Express Building,
George Leigh Street
Size, sq ft 76,176 55,802 44,000 27,846 25,800
Largest operators Operator
WeWork Regus
The Federation Bruntwood
Landmark Space Source: JLL
Flex market
Flex office stock 756,000 sq ft
Average flex operator size
22,400 sq ft
Flex share of office stock
3.5%
Space occupied, sq ft No. of locations 176,000 128,500 65,000 56,850 54,000
3 5 1 7 2
Sq ſt thousands
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