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Liverpool is hard to beat when it comes to the cost

of setting up a new office

Neil Kirkham of 4 St Paul’s Square joint agents, CBRE, on Liverpool’s compelling offer to potential occupiers...

With its lower cost base and quality of life Liverpool has long sold itself as an attractive destination for companies elsewhere in the UK and overseas to set up a base.

And, a study has confirmed Liverpool is one of the most cost-effective cities to in which to live and work in the UK. The survey by independent job site, CV-Library, reveals that while people living in Liverpool pay on average just under 30% of their monthly take-home pay, in London that percentage soars to almost 75%. Even Manchester’s figure is significantly higher at more than 37%.

Using data from Rightmove, CV-Library compared the average rent for a two-bedroom home in 14 UK cities with average salaries of jobs in its own database to calculate the percentages.

Only Aberdeen, at 29.21% and Hull, at 23.27%, offered lower cost of living than Liverpool. London, unsurprisingly, was top. The full table is shown here.

For companies in places such as London looking to set up a regional base, this data is one more great reason to come here.

Add to that, the accommodation at locations such as 4 St Paul’s Square is a top quality product at a lower price than you will find in other regional cities and offers a compelling case for relocation.

Occupiers now look just beyond the price per sq ft. They want to know whether the overall package will be attractive enough to allow them to recruit the right people.

Whenever we show new potential tenants around 4 St Paul’s they are wowed by the quality on show. Combine this with fantastic local restaurants an amenities and great apartments at relatively low prices.

They also know they are coming to a location that offers their people a modern working environment and an amazing quality of life.