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Liverpool might have been able to bag two important lease deals with UK Border Agency, which will sign a lease for 200,000 sq ft in Liverpool’s central commercial district, at the Capital building at Downing, and Merseytravel for 140,000 sq ft in Mann Island, but it has still not been able to attract any private players towards its office letting schemes.

Last year witnessed a decline of 36% in office space leasing and rent desk demand, especially in the last quarter of the year as a result of the credit crunch that encompassed all sections of the Liverpool market. With the two huge public sector deals, this year has started on a positive note, but the question now is whether Liverpool will be able to serve the needs for accommodation of big private sector players.

With recession hitting the market hard, fuelled by the shortage of bank loans, stringent environmental regulations and tax on empty accommodation, it seems there won’t be any more space available in Liverpool for a while. Nevertheless, the transactions entered in to by the big public sectors players are still huge successes for the office space leasing sector in Liverpool. Another problem is that the only quality office spaces for the private sector are at St Paul’s Square and 20 Chapel Street, and they don’t have much left to offer.

In other developments, this year’s Liverpool International Tennis Tournament is to be sponsored by Cains, one of the biggest local brewers. Northern Vision, the organizers, have reported a booking of 85% for the tournament, which is all set to be a success.

This entry was posted on Tuesday, June 9th, 2009 at 8:03 am and is filed under Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.