Is Greater Manchester the Right Place for your Business?

Posted on 19 April, 2016 by Chris Grigorovsky

Relocating your business can be an arduous task. The uncertainty of what area is right for you can hold back the process significantly. If you’re still undecided, have you ever considered relocating to the Greater Manchester area? Here are five key areas to think about.

Greater Manchester

Major Areas

1. City of Manchester

Population – 2.5 million

Notable Industries – Industrial

  • Once voted in 2014 as the highest ranked British city apart from London, Manchester is a city filled with culture and strong businesses.
  • It has the largest UK office market outside of London, with a reported 250,000 sq ft of take up between 2010-2014. The main contributor to the take-up is office space not being as expensive as its Southern counterpart.
  • According to Movehut’s data, the most popular commercial property to rent in Manchester is office and retail premises.

2. Stockport

Population – 136,081

Notable Industries – Industrial

  • This historic industrialised area is an ideal place for your business. Manufacturing is the biggest contributor to the economy and goes as far back as the industrial revolution.

  • Stockport Metropolitan Borough Council in recent years has set out on an ambitious regeneration scheme. Called ‘Future Stockport’, the scheme is aiming to bring 3000 residents in the centre and revitalise both the residential and retail markets. Many ex industrial areas in the town’s core will become mixed-use residential and commercial developments.
  • The most popular commercial properties to rent in this area are office, industrial and retail premises.

3. Trafford

Population – 232,458

Notable Industries – Manufacturing and Retail

  • Historically, the area’s economy was dominated by agriculture and has since had a thriving economy.
  • Trafford is a prosperous area, where the average weekly income is £394. The biggest contributors to the economy, in line with national figures, are property and business services (17.1%), retail and wholesale (16.5%) and manufacturing (12.3%).
  • The most popular commercial properties to rent in Trafford, according to Movehut’s database, are office and industrial premises.

4. City of Salford

Population – 242,040

Notable Industries – Industrial

  • With its revitalisation in recent years with the newly developed MediaCityUK on the Salford Quay, it is an area full of character and potential.
  • The biggest growth industries in the area are finance and professional services, tourism and culture, as well as computer and internet based services.
  • Our database found that offices and industrial premises are the most prominent commercial properties to rent.

5. Bolton

Population – 128,139

Notable Industries – Manufacturing

  • Known as the Boomtown during the 19th century and industrial revolution, Bolton is still one of the hardest working areas.
  • The heavy industry influence was replaced in the 20th century with call centres, hi-tech electronic and IT companies. Traditional industries still remain in the town however, with paper manufacturing, textiles, steel foundries and building materials having a strong presence.
  • The most popular commercial properties to rent in Bolton, according to our listings are offices and retail.

If sounds like the place for you, then for everything else Greater Manchester related, search with Movehut.

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