Manchester and Bristol have been flagged as the UK’s commercial property hotspots over the next decade as investors seek to achieve better returns than the traditional, most sought after, London markets offer.
CBRE has picked Manchester and Bristol as the standout locations for commercial property investment over the next ten years. This has been based on the analysis of the expected economic drivers, such as income trends and socio-demographic predictions, across UK towns and cities. Other factors taken into consideration have been supply pipelines, universities and housing affordability.
Both Manchester and Bristol rank among the cities with the highest growth potential in various sectors including office, retail, student accommodation, build-to-rent and senior living. Manchester has thriving retail and tourism industries and boasts one of Europe’s largest student populations.
Whilst London has been the UK’s go to destination for investors putting money into new offices, shops and student accommodation, CBRE say investors are now wanting to see “what life outside of London offers”.