CoStar Group, the specialist provider of real time data and insight to commercial property professionals in the UK, mainland Europe, the USA and Canada, is relocating and expanding its Manchester office.
The firm has vacated its 1,600 sq ft premises on the 10th floor of York House on York Street and taken a 10-year lease on a 2,235 sq ft office on the 11th floor of No 1 Marsden Street at £28 per sq ft.
CoStar – which tracks sales, letting and tenant activities at more than 400,000 UK buildings through its state-of-the-art database for the commercial property sector - was advised on its move by Scott Shufflebottom, Surveyor, National Offices at the Manchester office of real estate advisors Colliers International. The landlord of No 1 Marsden Street was advised by CBRE.
CoStar shares its new location with some of its key clients – other occupiers of No 1 Marsden Street include the North West office of Colliers International and other property advisors such as DTZ, Gerald Eve and Knight Frank.
Scott said: “Being in close and constant touch with your clients is obviously of paramount importance and CoStar is certainly achieving that with its move to No 1 Marsden Street.”
Giles Newman, CoStar’s European Managing Director, noted: “No. 1 Marsden Street is an outstanding building with an excellent list of other tenants and this move underlines our continuing commitment to the commercial property markets in Manchester and the North West. We look forward to welcoming clients and prospects to our new dedicated training facility to learn more about our flagship product, CoStar Suite.”