Office take up in quarter two, 2021 in the central Birmingham office market totalled 203,499 sq ft in 24 deals, according to figures compiled by Birmingham Office Market Forum.
When added to the 20 deals totalling 49,837 sq ft recorded in quarter one, the half year to date totals 253,336 sq ft in 44 deals.
It is encouraging that at this stage of the recovery the central Birmingham office market has recorded the highest quarter of office take up since before the pandemic, which exceeds the long-term market average and which is also expected to continue in Q3, with a number of significant deals in the pipeline. Whilst we have seen most sectors of demand represented there has been notable take up from the public sector and the flex-market, a trend that was widely anticipated at this stage of occupiers returning to their offices.
Birmingham Office Market Forum was established in 2007 to present a co-ordinated voice to investors, developers and occupiers about Birmingham’s city centre office market. The Forum brings together the city’s leading office agents and Business Birmingham.
For a list of member firms or further information visit their website