In present times, the city of Manchester has become extremely hard to recognise. It has undergone a massive transformation that has turned the city into what is being presently called the “second city” of United Kingdom.
The boom in the city’s redevelopment has taken place in an extremely quick pace. Therefore, it should not come as a surprise that the demand for property in Manchester has witnessed an unprecedented growth. Hence, it is wise idea to invest in property in Manchester.
Just pause for a few seconds, and you will notice that the city’s skyline has undergone a radical change: towering building structures that have been constructed grace the skyline. Besides London, the total amount of space created for commercial purposes in Manchester is second in the country on a grand scale. What’s more, these mixed-use constructions have assisted in placing Manchester among the top-ranked cities in the present international scenario.
The requirements and needs of several national as well as international companies are being constantly met by the city’s proactive development plans. This has transformed the economy of the city into a stimulating and lively one.
The City Council and investment companies have been extremely forward thinking, especially when it comes to their proactive role and tireless work in putting Manchester as one of the most primary European cities for conducting business.
The city’s infrastructure such as the Manchester International Airport as well as Manchester Piccadilly has offered the city the opportunity to welcome a much larger audience not only in Europe but also at a global level. For instance, the airport offers direct flights to nearly 190 diverse destinations, out of which 16 are located in the UK. Moreover, with an extremely fast railway service, it takes approximately only a couple of hours to reach London. These are the reasons for Manchester being the preferred choice of scores of businesses in modern times.
It should not come as a surprise to see that Manchester’s commercial property is growing at a highly demanding rate, with approximately a yearly usage of an area of nearly 1,000,000 square feet. Thus, the city of Manchester scores over other large UK cities. Other than London, the city of Manchester is one of the fastest-growing cities in the UK. These features make investing in Manchester extremely important for both public and private sector companies, whose presence in the city is firmly ensconced through long-term leases. Hence, if you are planning to invest in property in Manchester, this is the ideal time.
Historically, the city of Manchester served as the backbone of the Industrial Revolution. However, all that is completely changed. It has shed its traditional past and has become UK’s best destination to carry out business.
Perhaps the predominant challenge for the city’s commercial property would turn out to be continually going forward, while simultaneously being a major attraction for national as well as international investors. While the city is marching ahead to this effect, it will perhaps have only the status of an unofficial title in being UK’s “second city.” However, if the city continues with its phenomenal growth, the unofficial title will soon turn out to be official.