Moody's, the global credit rating agency, has confirmed it is expanding its footprint at a recently refurbished office block in Manchester city centre, taking on additional floors as part of a renewed lease commitment. The move comes as the building's owners complete a comprehensive upgrade programme, adding the kind of amenity-rich, energy-efficient specification that has become the price of entry for occupiers seeking to attract staff back to the office. For a professional services occupier of Moody's calibre to commit more space, rather than consolidate, is a notable data point in a market where many corporates have spent the past three years shrinking their footprints.
Moody's Office Expansion Signals Manchester's Grade A Squeeze
Moody's move to take more space at a refurbished Manchester tower underscores a widening gap between prime and secondary office stock across UK regional cities.
Topics
Manchester office marketcommercial propertyoffice refurbishmentGrade A office spaceMoody's