By Daniel Hunter

Manchester’s SME economy continues to thrive according to the latest statistics from industry experts.

New data released by officebroker.com, reveals a 53% increase in the number of SMEs renting office space in the city centre since the beginning of 2014.

The data also showed an increase in the cost of renting office space, with the average workstation price rising from £211 in 2013 to £253 in the same 6 month period of 2014.

Researchers believe that this is down to higher occupancy levels in the 45 business centres operating in the city centre, coupled with a growing demand for higher grade space.

Manchester city centre has the highest concentration of serviced and flexible office space outside of the Central London.

Chris Meredith, CEO at officebroker.com commented: “Manchester is displaying some really strong activity in the SME sector at the moment.

“We have seen this through a month on month increase in the average workstation price. In fact, for the year to date, we have witnessed a 53% increase in the number of businesses we have placed in Manchester alone.

“Manchester is a city on the rise and is fast becoming the northern hub for many of the UK’s businesses.

“The city currently has 45 active business centres and there remains a fervent demand for quality serviced offices.

Is your small business based in Manchester? Have you noticed a growing SME economy? You can email your reactions to editor@freshbusinessthinking.com

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