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Manchester On The Up Report Finds

Fascinating stats show growth in commercial and residential markets, crime rates less good

Published on March 4th 2014.


Manchester On The Up Report Finds
 

THE latest Manchester Monitor – a monthly analytical snapshot of Greater Manchester’s economic wellbeing – highlights that demand for office space in Manchester has strengthened since the end of the summer, with take-up in 2013 surpassing 2012 levels. 

Overall take-up for the whole year was around 890,000 sq. ft, 13.0% higher than the figure of 770,000 sq. ft in 2012. 

Drawing data from CBRE’s latest assessment of the commercial property market, it also suggests signs for 2014 are encouraging, with a number of larger requirements likely to drive demand over the next few months. Overall take-up for the whole year was around 890,000 sq. ft, 13.0% higher than the figure of 770,000 sq. ft in 2012. 

The latest data available for Greater Manchester also shows: 

Greater Manchester ’s residential property market is starting to show signs of a recovery with the average house price in the conurbation now at £104,000 (a 1.8% rise on the same month last year); 

Jobseekers allowance claimants rose in January across Greater Manchester by 2.9% (1,800 people), as seasonal jobs over the Christmas period came to and end, and they are expected to fall again in the coming months; 

Hotel occupancy in Manchester city centre remained steady with 2013 levels at 63% in January. Across Greater Manchester, occupancy levels were slightly higher in January year-on-year, up to 63% from 62%; 

A year-on-year rise (3.7%) in assault patients attending Greater Manchester hospitals on December 2013.     

Including further data on hotel occupancy, airport passenger numbers, crime volumes and more, the March 2014 edition of the Manchester Monitor is produced by New Economy and is available to view here. 

Dr Alexander Roy, acting deputy director at New Economy, said: “The increased demand for office space in Greater Manchester affirms that business confidence is growing as the UK economy turns a corner. 

“Elsewhere, indicators for the conurbation’s economy continue to show signs that point towards recovery. All eyes will therefore be on the Chancellor next month to see what impact the 2014 Budget might have on reinforcing and maintaining growth.” 

New Economy delivers policy, strategy and research for Greater Manchester’s economic growth and prosperity. To achieve this, it provides economic intelligence and regular analysis to underpin strategic direction. The agency's priorities are planning and housing, environment, science and innovation, skills and employment, internationalisation and European policy. www.neweconomymanchester.com

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8 comments so far, continue the conversation, write a comment.

AnonymousMarch 5th 2014.

There does seem to be a lot of improvements being made in a number of areas, and it's very encouraging but Greater Manchester is now ranked the 12th most congested place in Europe. I'm sure people have noticed how much more time they spend sat in traffic jams or how often the tram network fails. Why don't we have an underground system? If we had a reliable underground system I know I'd get rid of my car in a heartbeat. We are an important City nationally and internationally. We have a huge student population, 2 very big and popular Football teams, we have one of the biggest ticket selling arenas in the World in the Phones 4 U Area. Add in The Trafford Centre, Media City and the fact we are the 3rd most visited City in the UK after London and Edinburgh for tourist and it's an absolute joke we have to rely on the metro. After visiting a number of cities, quite a few of which have similar or smaller populations than Greater Manchester it leaves me very envious of the underground systems they have. The ease of getting around Berlin, Munich, Nuremberg, Hamburg Vienna and Barcelona is a breath of fresh air when comparing it to what we have. Why don't we have someone demanding things like this for our region? The money spent in London on cycling alone is more than our entire transport budget! We need to pester the government for more.

1 Response: Reply To This...
AnonymousMarch 5th 2014.

Manchester was going to have an underground until successive governments kept killing it. See www.theguardian.com/…/manchester-localgovernment-underground-trains-picc-vic-secret-telephone-exchange…

Mark FullerMarch 5th 2014.

I strongly agree with your final point. The London-centric culture of which politics is just one part must be relentlessly challenged. As for an underground system,I'd be interested to see your ideas for prospective underground lines. The expansion of the tram network has been a long time coming and is most welcome.But with a rapidly expanding population,especially in Manchester itself, perhaps an underground will be required too.Once we've changed the London centric mentality, future governments ,or local government with enhanced powers will respond to our needs.

DavidMarch 5th 2014.

If we want to change government attitude we have to be much more assertive politically,That means kicking out all the two faced local MPs who say one thing in the North and then another when they are back in London,which is where most of them actually live.We need to question what is the point of voting Labour when the party in power does not look after it it's own voters,at least the Tories have the excuse of having no seats and hence a lack of self interest.All Labour is interested is creating a client state in the North with lots of public sector jobs.It is not interested in creating the conditions for true economic revival.

1 Response: Reply To This...
AnonymousMarch 6th 2014.

Interesting that when local Labour MP & professional Scouser, Andy Burnham, came out against HS2 recently - the reaction round here was, well quite frankly non existent! Yes David, the Tories invest in those "conditions for true economic revival" in the North (HS2, train hubs, electrification, new roads, the Graphene Institute etc etc etc ) - whereas Labour don't and surely we all (?) see clearly now - just never will.

Mark FullerMarch 6th 2014.

I agree with both David and anon on this. Leading up to the 2015 election we'll get luke-warm equivocal "support" for HS2 from Labour, but if re-elected they'll prevaricate,say the economy is in a far worse state than expected and pull the plug.Meanwhile, cross-rail 2 in London will proceed. Labour have form in this regard and take Manchester and the North too much for granted.

1 Response: Reply To This...
AnonymousMarch 7th 2014.

It's almost certain now that an incoming Labour government in 2015 will ditch HS2 and transfer the funds into building Crossrail 2 for London.

AnonymousMarch 6th 2014.

I have advocated an underground, often over the years, to be shouted down, telling me the city is NOT big enough..IDIOTS who have never been to such places as HAMBURG & FRANKFURT??? Too LONDON-centric by half.....

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