Building on
the Legacy
Birmingham Office Market Forum brings together the city’s leading office agents and West Midlands Growth Company to present a co-ordinated voice to investors, developers and occupiers about the city’s ever-expanding office market and commercial offer.
Birmingham — the city of 1001 trades — continues to evolve and grow as the city core benefits from a wide range of new development; be it around infrastructure, commercial space and residential. The city’s office market is responding accordingly with demand for Grade A space in particular remaining high.
Major mixed use developments in the city core like Paradise, Arena Central and SnowHill continue to drive high quality office space with a sound pipeline of brand new stock capable of attracting major inward investment and returns from out of town locations. New development due to come on stream like Smithfield and various schemes around Eastside and Digbeth will provide further supply in the coming decade.
Investment
Following a strong 2021, office uptake throughout 2022 continued with yield compression in prime assets, while overseas funds take advantage of the weakness of Sterling. Pent up demand from the past three years continues to see a ‘flight to quality’ phenomena which in turn releases older Grade A and secondary stock for new occupiers like SMEs.
Office Data
Take-up 2024
Quarter | Size (sq ft) | Total Deals |
---|---|---|
Q1 | 203,385 sq ft | |
Total | 203,385 sq ft | 20 deals |
Year | Size (sq ft) | Total Deals |
---|---|---|
2023 | 702,993 sq ft | 109 deals |
2022 | 692,700 sq ft | 115 deals |
Looking for previous years data?
View Historic Take-UpMajor Deals 2024
Building — Client | Size (sq ft) |
---|---|
Typhoo Wharf — BBC | 84,000 sq ft |
Baskerville House — University College Birmingham | 44,670 sq ft |
Looking for previous years data?
View Historic Major DealsCurrent Availability
*Significant existing and under construction supply:
Building – Client | Size (sq ft) |
---|---|
X, 10 Brindleyplace | 180,000 sq ft |
Enterprise Wharf | 120,000 sq ft |
Three Snowhill | 120,000 sq ft |
One Centenary Way | 102,000 sq ft |
Alpha Tower | 65,000 sq ft |
Baskerville House | 54,000 sq ft |
One Snowhill | 48,000 sq ft |
Oozells Building, 9 Brindleyplace | 45,000 sq ft |
103 Colmore Row | 43,000 sq ft |
Pipeline
*Single buildings greater than 50,000 sq ft with a live Detailed Planning Consent or Back to Frame Redevelopment:
Building – Client | Size (sq ft) |
---|---|
Three Chamberlain Square | 180,000 sq ft |
Beorma Quarter | 160,000 sq ft |
19 Cornwall Street | 100,000 sq ft |
2 Brindleyplace | 90,000 sq ft |
1 Brindleyplace | 73,000 sq ft |
King Edwards House | 73,000 sq ft |
5 St. Philip’s Place | 67,000 sq ft |
Foundry, 6 Brindleyplace | 60,000 sq ft |
Infrastructure
At the heart of the UK and global trade and travel routes, Birmingham is pushing ahead with a raft of improvements to build a more resilient, sustainable and accessible transport network, with on-going investment coming from both the public and private sectors.
Lifestyle
With a legacy of new facilities following the 2022 Commonwealth Games, an outstanding selection of theatres, art galleries, concert venues and with 5 universities, Birmingham punches above its weight in terms of cultural influence and local amenities.