Spinningfields was developed in the 2000s as the city’s high-end commercial centre. Despite encountering turbulence during the economic crisis, Manchester City Council noted that by 2010 Spinningfields accounted for 35% of the city’s prime office space, and that 16,000 people were employed in the area…
Manchester’s answer to Canary Wharf, Spinningfields houses a wide range of blue-chip firms, including Barclays, BDO, and BNY Mellon. UK law firm Weightmans is among the big names set to follow. The final piece in the jigsaw, No.1 Spinningfields is set for imminent completion and will comprise 300,000 sq ft of office space.
The Northern Quarter is widely regarded as the axis of Manchester’s famous social scene. From independent shops and emporiums, to off-beat bars and restaurants, the Northern Quarter attracts young professionals looking balance out working life with the weird and wonderful. As compact as it is cool, the Quarter comprises Oldham Street, Thomas Street, Church Street, Newton Street, Stevenson Square and the roads in between. The Northern Quarter’s vibrant rental market tends to centre around loft spaces and purpose-built apartments. Manchester’s burgeoning network of digital startups means this is one area property investors will be watching closely in the years ahead.
The Manchester Arndale Centre is the hub of the central retail district and attracts some 41 million visitors a year. One of the largest shopping centres in the UK the Arndale Centre dates back to the 1970s and has witnessed significant investment over the years. It currently has around 1.5 million sq ft of retail space.