A new report by CBRE, the global real estate advisor, has revealed that Manchester is the leading creative location in the UK outside of London.
Characteristics of a top creative location include large concentrations of creative businesses and professionals, highly educated graduate professionals, large and growing millennial populations, good transport connections, quality of life and proximity to world class universities with strong research and computer science credentials. Manchester ticks all these boxes, hence its top position.
Staff and office space costs are fairly modest in the city and earnings to average house prices are very affordable, especially compared to London, the home counties and locations such as Oxford and Cambridge.
As a creative sector destination Manchester is regarded as one of the leading hotspots in Europe and with the relocation of the BBC to Salford’s MediaCityUK, the profile of the region goes from strength to strength.
John Ogden, MD of CBRE, said: “Evidence shows that regional cities such as Manchester also have the critical mass of talent necessary to compete successfully in this sector. Other attributes drawing creative industries businesses to Manchester, include quality of life, moderate cost of office space, salaries and favourable cost of living. Indeed, given the growing cost of higher education, and the cost of living in London, the large regional centres are increasingly proving an attractive proposition for graduates and employers.”You can read the full article here