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Birmingham Post
Birmingham Post
Business
Tom Houghton

City offices 'back to normal' on Mondays - as exciting details revealed about future of Martins Bank building

The Liverpool BID has said city centre office occupation was almost back to normal levels on Mondays throughout September as footfall increased by 20% month-on-month.

In a month that saw many businesses return to the office, the BID said the increase suggested a return to morning commuting and a regular office routine.

New acquisitions and openings in the area pointed to a new direction and belief in the continued pull of the business quarter of the city centre, the organisation added.

READ MORE: Inside the Capital Building as Liverpool's biggest office complex gets major renovation

Occupancy rates at serviced office developments are back to around 35%, while footfall has increased in the city centre during the core commute times.

In August, the total footfall between 8am and 9am was 125,324. In September, that rose by 20% to 149,435. The largest bump was seen on Monday mornings.

Julie Johnson, business operations partner at Morecrofts Solicitors and acting chair of culture and commerce BID, said while people are returning to desks, it is a more flexible model that is being adopted by many firms.

She said: “We are seeing businesses returning to their offices but we knew this would be a gradual process. Flexibility and a hybrid offer has been a core message from many businesses as they look to navigate the new normal.

"The confidence shown in the commercial district illustrates it is still a major draw, and Liverpool is perfectly placed for those looking for a flexible option.”

The BID also pointed to new acquisitions and regeneration of major buildings within the commercial district that show "confidence" in its future.

HMRC’s multi million pound redevelopment of India Buildings has been completed, with over 4,000 new staff coming into the Commercial District. That's as well as INNSiDE, a new hotel by Meliá opening on Old Hall Street at the old Liverpool Echo offices.

(Colin Lane/Liverpool Echo)

The building will also house Sony, with the firm moving staff across from Wavertree.

The famous Martin’s Bank Building will soon become Grade A hybrid workspace after Kinrise announced the acquisition back in August.

Today, the firm has said it will keep the ground floor public - with a space for exhibitions, events, a cafe and flexible workspace.

Sam Lawson Johnston, co-founder of Kinrise, said: “Liverpool is a richly diverse and vibrant city and we have been looking for a site here for a number of years. Martins Bank Building in the city’s commercial centre meets all the requirements we look for in a building; central location, an abundance of character, great natural light and volume of space - it is the perfect addition to our portfolio.

"The signature Kinrise, design-led refurbishment will soon begin throughout the building and alongside private office space, we hope to create a welcoming ground floor area open to the public and space for cultural programmes and future local community events."

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