Manchester’s Flex Office Market 2024 sees 34.5% rebound driven by startup demand
Last Update: 27 May, 2025•Read: 2 minutes
Key Highlights
- Flexible office take-up in Manchester rose by 34.5% in 2024, reaching 280,598 sq ft, up from 208,595 sq ft in 2023.
- 40% of workspace enquiries were for 1–2 person offices, while 35% targeted 5–10 sqm spaces, reflecting strong demand from startups and solo entrepreneurs.
- 25% of physical office rentals in 2024 were coworking desks, while 75% were private offices, indicating a hybrid preference for flexibility and privacy.
- Major deals included BNY Mellon leasing 35,000 sq ft at 4 Angel Square in the NOMA district, reinforcing Manchester’s appeal to global firms.
- The average preferred space size was 64 sqm, showing a shift toward compact, cost-effective footprints.
- Manchester's average monthly desk rate is £360, far below London’s £600, making the city highly attractive for scaling businesses.
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