City will ride out the storm, says studySep 01, 2008
A study carried out for Invest Milton Keynes by Knight Frank Research concludes that the city is fast becoming a key European commercial centre and is rated the fourth most ‘recession-proof’ place to live in the UK. More than 500,000 sq ft of commercial premises is under construction and housing demand remains strong.
Suggestions that Milton Keynes is an expensive location for small businesses are also seen in a new light as a result of the research. Office rents are highly competitive when set against the rest of the South East of England and the city’s constantly improving transport links and labour market add to the attraction for larger companies looking to relocate.
Grant Seeley (pictured), director of inward investment at Invest Milton Keynes, said: “Milton Keynes’ office market has witnessed significant growth over recent years reflecting the continued high demand from business wanting to relocate here or expand within the city.
“Invest Milton Keynes business enquiry levels are up by nine per cent on this time last year, demonstrating that the pipeline of future investment in the city is very encouraging.”
Milton Keynes is now recognised as one of the most thriving and popular shopping destinations in the country. Further growth is already at the planning stage as the on-going commitment of major chains including John Lewis, House of Fraser, Marks & Spencer, Boots and Debenhams encourages confidence.
Knight Frank partner Iain Jamie said: “Our investigations show just how strongly Milton Keynes is performing in the context of the UK and the ever-powerful South East. Whether they are serious businesses looking to start up or relocate, retail chains seeking prime shop space and individuals looking to find somewhere to live where they and their families can prosper, all of them will be looking at the city very closely.”