A recent report by CBRE highlighted a short supply of Grade A office space across the UK – at a time when demand for office space is bouncing back.
It’s no secret the way we work has undergone a seismic shift post-pandemic. Hybrid and remote working mean people spend less time in offices, but they expect a lot more from the time they do spend there.
Traditional, uninspiring office setups aren’t enough anymore. Employees want to work in an environment that helps them to be productive, whilst also offering something that supports their personal needs, such as wellbeing. Companies that want to attract and retain top talent need to invest in premium office spaces that reflect these evolving expectations.
Cities like Manchester, Birmingham and London, are seeing more demand in high-end office spaces. Soon, Rylands will set a new standard for what office environments can and should offer. It’s a prime example of a mixed-use development that prioritises both work and leisure. A trend that is shaping the future of commercial real estate.
Mixed-use developments are a winning formula
Mixed-use developments combine office spaces with leisure, retail, and other amenities to create an all-in-one environment that supports today’s modern work-life balance.
The Rylands redevelopment follows this model, with a blend of premium offices, an in-house gym, on-site food and drink retailers, and even a rooftop garden. It’s designed with the hybrid work era in mind, listening to market demands for high-quality environments.
The appeal of mixed-use schemes lies in their ability to create a seamless environment where work, leisure, and lifestyle intersect. Employees no longer need to leave the building to grab a coffee, squeeze in a workout, or unwind in a green space. These amenities help to ensure businesses have a more engaged and satisfied workforce, leading to higher productivity and retention rates.
Location and research matter
The success of mixed-use developments is helping the commercial property market to thrive, with high-spec workspaces commanding premium rents. But developers need to get it right, and that means delivering the right schemes in the right locations to truly benefit from this workplace trend.
For example, easy access to public transport and proximity to local amenities are essential for attracting the right tenants and securing premium returns. Rylands is a standout example because it’s positioned right in the heart of Manchester’s city centre, close to major transport links, and is near the vibrant Northern Quarter.
With demand for office space growing, developers who are in tune with what the market wants will lead the way in creating the high-quality office spaces that will reinvigorate UK city centres and set a new standard for workplaces.