Offering similar quality office space as London, Liverpool is emerging as a cheaper alternative for businesses looking to set shop somewhere outside the City. The 3.1% fall in the rent prices in Liverpool last year has been a major contributing factor.
This decline in the rent for office space has opened up new doors for London businesses, which have now found an excuse to take their businesses to Liverpool and thus enhancing their business’ cost effectiveness – click on desk rent UK for information.
The development of areas like St. Paul’s Square has made Liverpool come up to the same level as the City in terms of the quality of the office space, said Mark Worthington from CBRE.
Also, the labour is cheap in Liverpool, which adds to the advantages of operating a business from Liverpool. The savings on account such factors can give the profitability of many businesses a significant boost, a more than good enough reason to consider a destination like Liverpool.
Manchester is the next best place after Liverpool if you are seeking cheap office space. It is a preferred destination for many businesses too. However, the average rent of £44.50 in Manchester is higher than that in Liverpool, which is just £31.50.
Liverpool is expected to see a booming growth in the number of businesses that set up offices there in the coming months, because of the considerably lower prices of office space and the opportunity for businesses to expand their reach outside of London.
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