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The co - workspace sector in Manchester is at risk from an economic downturn , according to Conrad O’Neill , director at commercial property agency Canning O’Neill . Following news of Microsoft ’s expansion plans in the city and a stream of new entrants , O’Neill said many firms that enjoyed rent - free periods would leave when the benefit ended . O’Neill ’s comments followed news that German - based Microsoft has acquired a majority stake in The Brew and has announced plans for an additional 45 co - working sites in the UK and Ireland .