Research reveals increase in office take-up in first quarter of 2024
According to Savills research, Birmingham saw a rise in office take-up, reaching 203,385 sq ft in Q1 2024.
This was a 32% increase compared to Q1 2023 and an 11% and 19% increase against the five and ten-year averages, respectively.
The largest deal was the BBC's pre-letting of 84,000 sq. ft at Typhoo Wharf, which is now named 'The Tea Factory'.
Grade A office space accounted for 84% of the total take-up, the highest proportion since 2020.
Due to this demand and a shortage of space, the headline rent has risen to £42.... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
