As of the fourth quarter of 2021, office vacancy rates in Manchester were 14.9 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. In 2020 and 2021, office markets in many cities in the UK saw vacancy rates increase as a result of the decline in leasing activity due to the the coronavirus (COVID-19) crisis.
Office vacancy rates in city centers in selected cities in the United Kingdom (UK) from 2019 to 2021
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Cushman & Wakefield. (February 9, 2022). Office vacancy rates in city centers in selected cities in the United Kingdom (UK) from 2019 to 2021 [Graph]. In Statista. Retrieved July 02, 2022, 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) from 2019 to 2021." Chart. February 9, 2022. Statista. Accessed July 02, 2022. https://www.statista.com/statistics/1042446/office-vacancy-rates-in-british-city-centers/
Cushman & Wakefield. (2022). Office vacancy rates in city centers in selected cities in the United Kingdom (UK) from 2019 to 2021. Statista. Statista Inc.. Accessed: July 02, 2022. 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) from 2019 to 2021." Statista, Statista Inc., 9 Feb 2022, 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) from 2019 to 2021 Statista, https://www.statista.com/statistics/1042446/office-vacancy-rates-in-british-city-centers/ (last visited July 02, 2022)
