Deansgate is one of the most vibrant and sought-after commercial districts in Manchester. The street is home to a wide variety of businesses, from global corporations to small independent retailers. It is also a major transportation hub, with direct links to the city’s train station and airport.
The commercial real estate market in Deansgate is strong and continues to grow. Demand for office space is particularly high, as businesses are attracted to the area’s excellent connectivity, vibrant atmosphere, and abundance of amenities.
Office Space
The office market in Deansgate is dominated by large, modern buildings with high ceilings and excellent views. The average asking rent for office space in Deansgate is £35 per square foot per annum. However, there are a number of smaller, more affordable options available.
Retail Space
The retail market in Deansgate is also strong. The street is home to a wide variety of shops, from high-end fashion boutiques to independent retailers. The average asking rent for retail space in Deansgate is £25 per square foot per annum.
Other Commercial Uses
In addition to office and retail space, Deansgate is also home to a number of other commercial uses, such as restaurants, bars, and hotels. The average asking rent for other commercial uses in Deansgate is £20 per square foot per annum.
Future Outlook
The future outlook for the commercial real estate market in Deansgate is positive. The area is expected to continue to grow in popularity, as businesses are attracted to its excellent location and vibrant atmosphere. This is likely to lead to further increases in demand for commercial space in the area.
Conclusion
If you are looking for commercial space in Manchester, Deansgate is a great option. The area offers a wide variety of properties to suit all needs and budgets. With strong demand and a positive future outlook, Deansgate is a safe bet for investors and businesses alike.
Here are some additional factors that are contributing to the growth of the commercial real estate market in Deansgate:
- The ongoing regeneration of Manchester city centre, which is attracting new businesses and investment.
- The city’s status as a major financial and business hub, which is driving demand for office space.
- The growth of the tourism industry in Manchester, which is creating demand for retail and hospitality space.
If you are considering investing in commercial real estate in Manchester, Deansgate is a great place to start your search. The area offers a number of advantages, including strong demand, excellent connectivity, and a vibrant atmosphere.
