In the first quarter of 2023, office vacancy rates in Manchester were 12.5 percent. The vacancy rate is the percentage of available office rental units that is vacant or unoccupied during a given time. High vacancy rates in a city can mean that supply is outweighing demand or that the quality of particular properties available not meeting the desired demands of the rental market. After the coronavirus outbreak, demand for offices has declined, leading to increased vacancies across most markets.
Office vacancy rates in city centers in selected cities in the United Kingdom (UK) in 1st quarter 2019 and 1st quarter 2023
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Other statistics that may interest you Commercial real estate in the United Kingdom
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Forecast
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Statistics
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Cushman & Wakefield. (May 11, 2023). Office vacancy rates in city centers in selected cities in the United Kingdom (UK) in 1st quarter 2019 and 1st quarter 2023 [Graph]. In Statista. Retrieved April 23, 2024, from https://www.statista.com/statistics/1042446/office-vacancy-rates-in-british-city-centers/
Cushman & Wakefield. "Office vacancy rates in city centers in selected cities in the United Kingdom (UK) in 1st quarter 2019 and 1st quarter 2023." Chart. May 11, 2023. Statista. Accessed April 23, 2024. https://www.statista.com/statistics/1042446/office-vacancy-rates-in-british-city-centers/
Cushman & Wakefield. (2023). Office vacancy rates in city centers in selected cities in the United Kingdom (UK) in 1st quarter 2019 and 1st quarter 2023. Statista. Statista Inc.. Accessed: April 23, 2024. https://www.statista.com/statistics/1042446/office-vacancy-rates-in-british-city-centers/
Cushman & Wakefield. "Office Vacancy Rates in City Centers in Selected Cities in The United Kingdom (Uk) in 1st Quarter 2019 and 1st Quarter 2023." Statista, Statista Inc., 11 May 2023, https://www.statista.com/statistics/1042446/office-vacancy-rates-in-british-city-centers/
Cushman & Wakefield, Office vacancy rates in city centers in selected cities in the United Kingdom (UK) in 1st quarter 2019 and 1st quarter 2023 Statista, https://www.statista.com/statistics/1042446/office-vacancy-rates-in-british-city-centers/ (last visited April 23, 2024)
Office vacancy rates in city centers in selected cities in the United Kingdom (UK) in 1st quarter 2019 and 1st quarter 2023 [Graph], Cushman & Wakefield, May 11, 2023. [Online]. Available: https://www.statista.com/statistics/1042446/office-vacancy-rates-in-british-city-centers/