Goldman Sachs deal keeps Birmingham office market on track

Goldman Sachs’ deal for five floors in Paradise dominated the Birmingham office deals market in the third quarter of the year.

The bank has taken 110,000 sq ft at One Centenary Way, accounting for around 60% of the 189,492 sq ft space agreed across 28 deals.

The data, compiled by the Birmingham Office Market Forum (BOMF), shows deals for nearly 500,000 sq ft had been completed in the first nine months of the year – in line with three of the past four years.

A spokesperson for BOMF said: “The total take-up at this stage of the year remains consistent with both 2020 and 2021. However the number of deals are now back to the levels seen pre-pandemic in 2018 and 2019.

“The standout transaction was the inward investment letting to Goldman Sachs, a major boost to Birmingham with undoubted spin offs to come.”

The second-largest deal of the quarter was by independent game developer Facepunch, which signed up for 12,178 sq ft at 103 Colmore Row – the only five-figure letting in the three months to September.