A study by CoStar, which was recently reported by Lancashire Business View, has revealed that office leasing in Preston reached a six-year high and was at its highest level since 2017.

Whilst the pandemic may have initially caused a reduction in the occupancy rate in Preston, due to lockdowns and a subsequent switch to flexible working for many, the Lancashire city, which has experienced a great deal of regeneration over recent years, is now being seen by many as a prime location for office space.

But why are businesses choosing Preston as a location to lease their office space?

While there are sure to be a range of factors taken into consideration, the two main aspects which give Preston its draw would be:

  1. Transport links: Preston is strategically located in the heart of Lancashire, with easy access to the M6, M61, M65 and M55 motorways. It is also well connected by rail, with direct services to London, Manchester, Liverpool, Leeds, Glasgow, and Edinburgh. It is also close to both the Manchester and Liverpool airports. Preston can therefore be seen as an ideal location for businesses that need to travel frequently or serve clients across the UK and beyond.

  2. The affordability and quality of office spaces in Preston: Preston offers a range of office space options, from modern business parks to historic buildings, to suit different budgets and preferences.

Farleys’ commercial property team has been proudly working from our Preston office since we expanded to the city in 2016. From our base on Winckley Square, we’ve seen businesses of all sizes make Preston their hub, with some even expanding to larger premises as a result of their success.

As a proud Lancashire business, we’re delighted to see the city develop and will continue to support Preston businesses with their commercial law needs.

If you are looking to lease office space or any other commercial property for the first time or if you are looking to renew your existing lease, contact our specialist team today on 0845 287 0939 or send your enquiry through our online contact form.