More for your money in North East England
Businesses moving to North East England benefit from low wages and property costs, in addition to a low cost, but high standard of living. The standard of education, training and apprenticeships are some of the best in the country. The bottom line is that you get more for your money in North East England.
North East England has one of the most cost competitive and loyal workforce’s in the UK, offering companies great savings.
“The factor we found quite interesting was our staff retention rates. I think the norm in customer service centres is around 15% turnover, but what we’ve experienced in the past four years in our service is that it’s about 5%, which is very low. Therefore, what we found was the staff retention by being located in Newcastle is very, very strong.”
Bryan Taylor, Estates Director, Balfour Beatty
In 2017, Grade A office space in North East England was £356 per sq m making it, on average, 68% cheaper than Greater London, with cost savings of 17% compared to Cardiff and 25% compared to Glasgow (Property costs = rent + taxes + service charge).
In the same year (2017), Grade A industrial space was £63 per sq m, which is 15% cheaper than the West Midlands and only one-quarter the cost of Greater London.
If you are looking for office or industrial accommodation, view our Land and Property Database for a comprehensive list of current properties and land available in North East England