CoStar UK - The Leader in Commercial Property Information

Citibase up northern expansion

By James Buckley - Monday, February 05, 2018 10:24

Citibase is ramping up its northern expansion with two new management contracts launching flexible office hubs in Manchester’s Salford Quays and Newcastle upon Tyne’s Market Street. These have potential to provide over 31,000 sq ft of fully serviced space for entrepreneurs, SMEs and start-ups.

Citibase Manchester Salford Quays is housed in a refurbished building in Merchants Quay with potential to provide almost 17,000 sq ft of flexible space for nearly 300 businesses. It is Citibase’s third centre in the Manchester area. 

Steve Jude, CEO of Citibase, said: “London often grabs the headlines for the world of flexible officing but our continued expansion across the North shows that the appetite for affordable, flexible office space with short term contracts is truly nationwide.

“An astonishing 90% of SMEs we surveyed in the North East in our recent Citibase Business Confidence Index told us they wanted an office contract of under three years, and nearly three quarters of those in the North West said the same. We are proud to be supporting the economy of the Northern Powerhouse by providing workspace that allows SMEs – the lifeblood of the new economy – to flourish, without the commitments of a traditional long-term contact.

“2017 was a record year for our business and the flexible officing sector as a whole, with huge growth figures and spiraling demand from not only SMEs but also larger corporate players – and we anticipate that this will gather further momentum in 2018.”

Get in Touch
+44 203 205 4600