Birmingham office market remains on course for an annus mirabilis
THE third quarter take-up figures for the central Birmingham office market reveal the city has already outperformed the total for 2014.
The Birmingham Ofiice Market Forum (BOMF) has revealed that 90,779 sq ft in 27 deals was achieved in Q3, taking the total to nearly 3% above the total outcome of 2014 and more than 10% above the 2013 total with the final quarter’s figures to record.
When added to the 69 deals totalling 641,265 ft2 in the first half year, the year to date totals 732,044 ft2 in 96 deals.
BOMF says the take-up demonstrates strong demand in the central Birmingham office market.
The largest deals done in the third quarter were the 10,406, sq ft taken by Platform Securities at Canterbury House in Newhall Street and the 9,150 sq ft taken by Willoughby PR at 39-40 Calthorpe Road.
Take-up figures for the central Birmingham office market reached a new quarterly high in Q2 2015, thanks to the deal which saw bank HSBC commit to 212,000 sq ft at the, as yet unbuilt, 2 Arena Central.
