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City Focus Manchester

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City Focus Manchester Powered By Docstoc
					                          Serviced Office Review


          City Focus | Manchester
                           Q1 2012



   Enquiry Levels
   New S.O.T Levels
   Workstation Price
   Workstation Take-Up
   Licence Lengths
                                                                                                                                      officebroker.com: City Focus - Manchester, Q1 12


    City Focus - Central Manchester, Q1 2012                                                Central Manchester Overview: Q1 12 vs. Q1 11

    City Focus reports - part of the Serviced Office Review series produced                 Demand for Office Space:
    exclusively by officebroker.com - catalogues the trends within the serviced office
    market in some of the UK’s largest cities on a quarterly basis.                               Enquiry levels decreased by 19% overall

    City Focus provides information on:                                                     Office Space Take-Up:

          The supply of and demand for serviced office space - in terms of the number             The number of newly signed serviced office tenants (S.O.Ts)
                                                                                                  decreased by 17% overall
          of enquiries, the size and shape of those enquiries and the rate of new
          office space take-up.                                                             Workstation Volumes:

          New Serviced Office Tenants (S.O.Ts) - in terms of workstation prices and               The average number of workstations (wks) per S.O.T increased
          initial licence length commitment.                                                      from 2.5 wks to 2.8 wks

    This report details activity within Central Manchester, providing comparisons           Workstation Price:
    between Q1 12 & Q1 11, year-to-date activity and annual data compiled by
    officebroker.com during 2011.                                                                 The average price per workstation decreased from £252.00 to
                                                                                                  £187.00 per month

                                                                                            Commitment to Office Space:

                                                                                                  The average licence length signed by new S.O.Ts increased
                                                                                                  from 8 months to 9 months


                                                                                         **For the purposes of this report officebroker.com defines Central Manchester as areas
                                                                                         located within the following postcode prefixes:

                                                                                         M1, M2, M3, M4, M8, M12




      Resource Enquiries:
      Simon Jones
      tel: 0844 412 8739
      email: simon.jones@officebroker.com




Page 2 of 6
                                                                                                                              officebroker.com: City Focus - Manchester, Q1 12


  Central Manchester - Demand for Serviced Office Space                             Central Manchester - Serviced Office Space Take-Up




                        Q1 12 Enquiry Levels | 19% Decrease                                               Q1 12 S.O.T. Levels | 17% Decrease


  Central Manchester Q1 12 Overview:                                                Central Manchester Q1 12 Overview:
  Enquiry levels across Central Manchester were 19% lower in Q1 12 when compared    New S.O.T levels across Central Manchester were 17% lower during Q1 12 when
  to the same 3 month period in 2011.                                               compared to the same 3 month period in 2011.

  North West Market Snapshot Q1 12:                                                 North West Market Snapshot Q1 12:
  Enquiry levels decreased by 20% across the North West region during Q1 12 when    New S.O.T levels decreased by 26% across the North West region during Q1 12 when
  compared to Q1 11.                                                                compared to Q1 11.

  UK Market Snapshot Q1 12:                                                         UK Market Snapshot Q1 12:
  Enquiry levels decreased by 15% across the UK during Q1 12 when compared to the   New S.O.T levels decreased by 9% across the UK during Q1 12 compared to the
  same 3 month period in 2011.                                                      opening 3 months of 2011.




                                                                        19% Fewer Enquiries
                                                                        17% S.O.T Decrease




Page 3 of 6
                                                                                                                                  officebroker.com: City Focus - Manchester, Q1 12


  Central Manchester - Size & Shape of New S.O.Ts                                    Central Manchester - Cost of Serviced Office Space




                         Q1 12 AVERAGE | 2.8 Workstations                                                 Q1 12 AVERAGE | £187 Per Workstation


  Central Manchester Q1 12 Overview:                                                 Central Manchester Q1 12 Overview:
  Average wks take-up per S.O.T across Central Manchester was 2.8 wks in Q1 12, an   The average wks price across Central Manchester was £187.00 in Q1 12, a decrease
  increase on the 2.5 wks average recorded in the same 3 months of 2011.             on the £252 average recorded during Q1 11.

  North West Market Snapshot Q1 12:                                                  North West Market Snapshot Q1 12:
  Average wks take-up per S.O.T was 3.4 wks across the North West during Q1 12,      The average wks price was £194.00 in Q1 12 across the North West, equalling the
  remaining in line with the 3.3 wks average recorded during Q1 11.                  average price recorded in the same 3 month period of Q1 11.

  UK Market Snapshot Q1 12:                                                          UK Market Snapshot Q1 12:
  Average wks take-up per S.O.T remained unchanged overall, averaging 4.4 wks in     Average wks prices increased overall across the UK, rising from £283.00 in Q1 11 to
  both the opening quarter of 2011 and 2012.                                         £295.00 per wks in the same 3 months of 2012.




               2.8 Workstations
               £187 per Month




Page 4 of 6
                                                                                                                                                  officebroker.com: City Focus - Manchester, Q1 12


  Central Manchester - Commitment to Serviced Office Space                                    The Serviced Office Review Series - Guidance on Data Usage
                                                                                              Research & Statistics:
              Central London Average Licence Lengths Signed by S.O.T: Jan 10 - Dec 11

   12                                                                                         The data published in this and any other report created by officebroker.com is based on
                                                                                              officebroker.com’s internal sales and marketing data, and is not sourced from any 3rd party.
   10
                                                                                              References:
    8
                                                                                              The reproduction of this report in whole or in part is permitted, providing users
    6
                                                                                              reference officebroker.com as follows:
    4
                                                                                                     Cite ‘officebroker.com’ as the source of the information
    2
                                                                                                     When reproducing officebroker.com quotes, statistics, articles, or any other
    0                                                                                                information created by officebroker.com in websites or web documents, users must
        Jan     Feb    Mar     Apr    May    Jun     Jul      Aug   Sep   Oct    Nov    Dec          include a back link to www.officebroker.com and/or the URL that is being referenced
                                            2010           2011                                      The direct duplication of any unique web content created by
                                                                                                     officebroker.com is strictly prohibited
                                 Q1 12 AVERAGE | 9 Months
                                                                                              Editor’s Notes:

  Central Manchester Q1 12 Overview:                                                          Founded in 2001, officebroker.com is the largest independent office space broker in the UK.

  The average licence length signed by new S.O.Ts across Central Manchester was 9             Working with over 95% of the UK’s serviced office market, officebroker.com offers free,
  months during Q1 12, an increase on the 8 month average recorded in Q1 11.                  consultative advice to businesses looking for office space across the UK and Internationally.

  North West Market Snapshot Q1 12:                                                           Contact:
  The average licence length signed by new S.O.Ts during Q1 12 was 8.8 months,
                                                                                              For more information on the research and statistics provided by officebroker.com, please
  matching the average licence commitment recorded in Q1 11.                                  contact Simon Jones:

  UK Market Snapshot Q1 12:                                                                   Simon Jones - 0844 412 8739
                                                                                              simon.jones@officebroker.com
  The average licence length signed by new S.O.Ts across the UK during Q1 12 was 8
  months, equalling the average license length recorded in the same period of 2011.




Page 5 of 6
The Serviced Office Review, available for:                                                            Resource Enquiries:                    General Enquiries:
Central London | Greater London | Thames Valley | South East | South West | East of England           Simon Jones                            tel: 0800 111 6 444
East Midlands | West Midlands | Wales | North West | Yorkshire & Humberside | North East | Scotland   tel: 0844 412 8739                     fax: 0870 730 1443
City Focus, available for:                                                                            email: simon.jones@officebroker.com    email: sales@officebroker.com
Birmingham | Bristol | Edinburgh | Glasgow | Leeds | Manchester | Sheffield                           officebroker.com | Sir Robert Peel Mill, Mill Lane, Fazeley, B78 3QD

				
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