Greasley expects £30 per sq ft for MediaCity space
posted Jun 12, 2008 - 05:37 PM
Crain's Manchester Business reports that tenants at Media City should be expecting to pay up around £30 per sq ft for renting space in the new development.
That amount is hardly competitive for the region, but Managing Director Brian Greasley points out it is a third of what you could expect to pay for similar space in London.
It is the first hint at prices so far for MediaCity, and the BBC are still the only confirmed tenants. It remains to be seen if such a price will have a negative impact on attracting young start-up businesses - and perhaps damaging MediaCity's chances of attracting the big dogs, who could be paying much less just down the road.
you can read the full article here, and a editorial view here.
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