Glenigan believes that with a strong pipeline of projects entering the planning system and securing approval, the Northwest office sector is set to keep the industry busy over the next couple of years.

The region’s flagship commercial development is the £400m St Michael’s office scheme at Jackson Row in Manchester, which is being developed by joint clients KKR and Relentless.

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The region’s biggest city is producing other major office and commercial schemes including the £450 million Manchester Life Sciences & Student Accommodation Quarter.

Elsewhere, tenders have also been returned for the £175m Electric Park office scheme in the New Islington district of Manchester and construction should begin in June.

Outside of Manchester, work on the £200m Mall Pall Exchange in Liverpool could also start this summer with plans for 161,874 sq m of office space.

Glenigan economics director Allan Wilen commented: “The office market in the Northwest is proving resilient as a combination of limited supply and a post-pandemic return to work is driving demand.”