Liverpool’s Commercial District To Be Reimagined

A team of experts has been appointed by Liverpool City Council to create a new vision for the city’s commercial district.

It comes as the pipeline for Grade A office space in the city centre is described as “drying up” by Liverpool Business News, which reported on the proposal.

It’s Arup who will be leading the team tasked with producing a Spatial Regeneration Framework for this part of Liverpool, which is expected to show how it plans to develop the commercial district in future, as well as identifying potential sources of investment.

According to the news provider, the only remaining premium office space in this part of Liverpool is at No 4 St Paul’s Square. Although there are plans for some large-scale office developments, it noted that Grade A rents are “seen as too low to attract speculative development”.

That’s probably good news if your company is looking for serviced offices in Liverpool to rent, if, of course, you can find any that meet your needs given the apparent shortage.

Joe Anderson, mayor of Liverpool, commented: “Liverpool’s commercial district is a major engine in the city’s economy and its future growth needs to be proactively managed to maximise its potential.”

The Pall Mall development, which will see new office space being created, is one of those mentioned as being important for the city’s economy. This particular scheme will be located behind Exchange Station.

And there is money being pumped into Liverpool’s economy. A £500 million fund was recently announced by Metro mayor Steve Rotheram, with the aim of creating jobs, boosting the city’s economy and improving living standards.