Recent planning applications for new office space in Manchester gives an indication that the city is experiencing a boom in office developments.
Developers FORE Partnership have submitted a planning application for 80,000 square feet of Grade A offices at 24 Mount Street. English Cities Fund has submitted plans for 190,000 square feet of Manchester office space at Two New Bailey.
The Two New Bailey development was prompted by the developers experiencing strong interest in their existing One New Bailey office project. The development includes large open floor office space with each office area having access to a private outdoor terrace.
The Mount Street development is a seven-storey office block with a balcony and roof terrace overlooking the piazza at Peter’s Square.
Manchester City Council is also considering a proposal by the Prudential Assurance Company to replace its Brazennose House office building with a 142,643 square-foot equivalent that will have six floors of offices, a ground floor retail and restaurant area, and accommodation.
The Financial Times reported in June 2016, that Manchester requires another three million square feet of office space over the next 10 years to keep up with the demand by companies wanting to locate there or expand their current Manchester offices.
The series of recent planning applications to build new or convert existing buildings to top class offices is an indication that developers are trying to meet the future demand for office space in Manchester.