The great city of Liverpool has exactly the same problems as most European cities. In particular it has seen a rapid decline in its once thriving office rental market. With rents plummeting because of a now saturation of the sector it is hard to see a viable solution.

Obviously Liverpool has successfully overcome situations more far reaching than this in its illustrious history but it still casing concern for the powers that be. It will take vision and a well thought out strategy to inject life into this depressed area of commerce.

There are several factors, at least that are in its favour. The cost of living in the UK is lower than it has been in a long while. In the last twelve months the value of sterling has fallen and is now with almost equal parity with the euro. So the cheaper rates being offered for luxury office space could be seen as a big attraction for foreign companies looking to change their base to the north of England.

However with only half a million of office square footage generating income there is a lot of office space to fill. The large corporations are a thing of the past and it is usually much smaller operations that would be interested in being based in Liverpool and the like. One sector accommodating small businesses and freelancers is the rental of deskspace. This is a good means, and one that is rising in popularity, for gaining rental income from otherwise empty office space.

Initiatives will have to be set up to entice business to Merseyside and generous incentives offered. That all costs money and with a depressed economy that is something the city can not spare.