14 coworking results

The office market in Belfast has outperformed itself with a take up of 885,000 sq and a lowering vacancy rate, especially notable with Grade A office spaces. To meet the market demand, Belfast is planning on further redevelopment. The market expects the supply of about 1.5 million square meters of high-quality offices in 2021. Modern offices have to comply with recent market trends. Tech, media and telecommunications companies take-up 36% of offices in Belfast. These sectors are looking for high-quality, flexible workspaces. This is one of the reasons why coworking in Belfast is in high demand. Coworking spaces in Belfast are popular among local freelancers, startups and smaller companies, who are interested in flexible, yet, high-quality workspaces. Coworkings provide Grade A working environment, though, do not require serious financial and leasing commitment. Moreover, tenants get to share their space with like-minded professionals and expand business connections.

Belfast has started its economic rise during the Industrial revolution. Back in those times, the city received its second name - Linenopolis, for being the biggest linen producer in the world. Nowadays, the city is steadily moving away from the industrial past, forming its modern economy on the service sectors. The per cent of manufacturing jobs continues to fall, while two sectors, in particular, experienced strong growth. Financial services (+37%) and hotels and restaurants (+39%) are now getting out in front of the local economy. New businesses require new office spaces. This is why Belfast plans to supply around 1.5 million sq feet Grade A offices by the end of 2021. The commercial real estate market in Belfast has to follow global trends and provide various office solutions. Serviced business centres and shared office spaces are now keeping the leading position on the market.

For the past decade, Belfast has served as an administrative, economic and cultural capital of Northern Ireland. It is the second-largest cities on the islands and serves as home to around 350 thousand people. During the last 30 years, the city was working on a quick recovery from the Troubles which shook the country in the 70s. The city centre has undergone a major urban redevelopment and was transformed into a modern district. Furthermore, within the programme of "Tribeca", the rest of the city is to receive further urban improvements. The local authorities do everything possible to encourage partnership and attract foreign investment to the city and their strategy is quite successful. For instance, nowadays, Belfast annually receives 1.5 million tourists coming for at least one night stay. And after the tremendously successful “Game of Throne” series, which were partly filmed in the region, tourism has notably increased its revenue.