Manchester rent boom

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The Independent Online
THE REBUILDING of Manchester's city centre has been so successful, after the damage caused by an IRA bomb two years, that shop rents have risen faster than almost anywhere else in Britain.

Only London's West End has performed better over the last three years, according to chartered surveyor Donaldsons.

Its research, based on figures from the Investment Property Databank, showed that Manchester has seen the second highest rental growth in that time, followed by Edinburgh and Bolton.

The UK average rental value increase of 3.7 per cent over three years was bettered by 29 cities, among them Falkirk, Ipswich, Middlesbrough, Sheffield, and Swansea.

But Donaldsons also expects rental value increases to start to fall soon, as the consumer boom tails off.