Online retail giant Amazon has chosen to base its regional campus outside of London in Manchester city-centre. Amazon’s search for a 70,000 square-foot office, codenamed ‘Project Oasis’, has been ongoing since 2017. Initially considered were No8 First Street and Hanover House, but the latter, which is due to complete in September 2018, has since emerged as a favourite.
Major Tech Centre
Manchester has the largest tech cluster outside London with a workforce of almost 52,000 employees, a GVA growth of 93% between 2010 and 2014, and the fourth highest digital turnover in the UK at £2.2billion.
Drawn by the city’s excellent infrastructure and appealing work-life balance, more and more tech firms are choosing Manchester as a base for their activities. The tech sector now accounts for almost half of all enquiries for office space in the city-centre.
Manchester has a higher employment rate than London and other northern cities. This has resulted in huge demand for high-quality city-centre homes as ever more people flock to the city, thereby establishing a very healthy property market.