Bullseye: Manchester office investors zone in on the City Core

Investors in the Manchester office market have zoned in on the city core this year. Activity in 2024 has been dominated by mid-sized, centrally located assets below £20 million. Some investors are planning continued office use, either a comprehensive refurbishment and asset management programme or buying well-let, secure long-term income. Occupiers have also taken advantage of lower pricing and there are examples of developer purchases that have plans for conversion to the buoyant residential market.