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.

55% graduate retention rate
£121bn regional economy.
New Street Birmingham is the busiest train station outside of London.
40% of population is under 25.
One in seven (13.2%) people moving outside London moved to the Midlands.
Top regional city for quality of life.

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.

UGC Transport Hub, showing train lines alongside bus and tram stops. CGI.
UGC Hub
HS2 Curzon Street Station. CGI.
HS2 Curzon Street Station

Office Data

Take-up 2023

Q1 153,550 sq ft
Q2 177,665 sq ft
Q3 131,504 sq ft
Q4 240,274 sq ft
Total 702,993 sq ft 109 deals
2022 692,700 sq ft 115 deals
2021 656,735 sq ft 94 deals

Looking for previous years data?

View Historic Take-Up

Major Deals 2023

9 Colmore Row — CPS 27,589 sq ft
One Centenary Way — Mills & Reeve 32,088 sq ft
X, Brindleyplace — Green Square Accord 15,477 sq ft
6 Brindleyplace — Lloyds 59,896 sq ft
103 Colmore Row — EFG Harris All day 12,162 sq ft
3 Brindleyplace — Reach PLC 11,983 sq ft
The Citadel — Aston University 27,006 sq ft
The Colmore Building — AON 22,709 sq ft
Crossways — Arden University 22,924 sq ft
54 Hagley Road — UK CAB 21,500 sq ft
One Centenary Way — JLL 13,815 sq ft

Looking for previous years data?

View Historic Major Deals

Current Availability

*Significant existing and under construction supply:

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:

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.

Want to find out more?

Download Map