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Manchester has repeatedly found itself in the spotlight over the last few years, thanks to the likes of devolution and the Northern Powerhouse. Now the city is looking for success much further afield, and building owner’s – with the help of commercial property management – need to be prepared to meet the inevitable rise in demand.
Manchester’s ambitions have always been unashamedly grandiose, and with the launch of the Greater Manchester Internationalisation Strategy, the city’s sights are set firmly on dominating the global stage by 2035.
With plans now in motion to move Manchester towards competing with other global cities, and the likes of foreign investment and greater infrastructure as high priorities, we’re about to see a boom in demand for high quality commercial property – but the challenge doesn’t end there.
A Chance to Play a Part
The GMIS’ plans have understandably put Manchester’s business community in a very positive mood: the strategy outlines how Manchester will become a gateway to the region and the world, and offers a structured, patient approach to cementing Greater Manchester’s success. Much like our observations on Liverpool’s booming start-up scene, there’s also a chance for all businesses in Manchester to benefit from the GMIS.
It’s fair to assume with Manchester growing to become a global city, that we’ll soon be welcoming small businesses from the city, the surrounding areas, and even abroad as the barriers between international partnerships are slowly lowered. As a result, Manchester has the challenge of meeting commercial property demands to deal with.
Satisfying the Hungry Market
Of course, if Manchester’s ambitions are global, then commercial property needs to be equally world-class. As Greater Manchester becomes host to an increasing number of business hubs and new international arrivals, commercial property owners will need to keep up to secure their share of the profits on offer.
This will often mean engaging a commercial property management company to meet the more complex demands we’ll be seeing in the future. These needs will often include upgraded security services, a well-maintained workplace, and even just better management of tenants.
That being said, commercial property management isn’t just about making a quick buck off the back of Manchester’s growth plans. Property management is an opportunity to provide employees and tenants with the resources and right working environment to constantly grow and improve upon their own innovations. What’s more, commercial property management delivered to a high standard will help to improve loyalty in tenants, allowing for building owners to secure long-term clients whilst Manchester’s strategies play out in the background.
Securing the Future
Acknowledging the imminent increase in demand for commercial property early, as well as engaging a commercial property management firm ahead of time will put building owners in a much stronger position as Manchester’s ambitious growth plans come into force. It also has a greater impact: commercial property management provided at the right standard will help the city to actively work towards its goal of becoming a global city by meeting businesses’ needs, raising the standard of commercial property across the region, and securing revenue for the region.
By choosing to work together, then, building owners and commercial property management firms such as Crowd UK could play a much larger role in Manchester’s internationalisation plans than they might previously had expected – and that’s undoubtedly good for business.
Play your part: Crowd UK are a professional commercial property management company offering property management services across Greater Manchester and beyond. To find out more about us, feel free to explore our website, or get in touch with our team directly.