A total of 20,000 sq ft of office deals was signed in the city centre during the second quarter of 2020, well below the 52,000 sq ft reported for the same period in 2019, according to the latest Big Nine market report from consultancy Avison Young.
A second tenant has signed terms at the 50,000 sq ft office building on Quay Street in Manchester, after its owner Orchard Street Investment completed a roof terrace as part of plans to enhance occupier wellbeing amid shifting demand.
The founder of Tokyo Industries, which acquired the leases of two popular Manchester venues that would have closed, told Place North West the live music industry will survive because there is no replacement for it, but urged the Government to support the sector following Covid-19.
All Work and Social, the developer's serviced office arm, has rebranded as Department and confirmed that it will operate an initial four sites in Manchester in response to changing office demands post-Covid-19.
Arc Inspirations, which owns the Banyan and Manahatta brands, plans to open the fourth branch of its Box Bar concept in an 8,000 sq ft unit in the recently completed 125 Deansgate, a 117,000 sq ft mixed-use building in Manchester.