West Midlands Property DataProperty data, infographics and market reports for Birmingham and all the West Midlands region.
West Midlands Data
Last year, retail rents in 45% of West Midlands’ centres were in decline, but there was a turnaround in H1 2016, according to research by Colliers International.
Office markets in the UK’s major regional cities are expected to post strong growth again this year, following on from a stellar performance in 2015.
Net stock absorption of grade-A office space in Birmingham’s city centre reached a record high of 335,007 sq ft in 2015, according to new figures released by Colliers International.
Strong occupier demand in the final quarter of 2015 helped drive office take-up across the UK’s nine largest regional cities to levels 20% above the long-term average, according to Bilfinger GVA.
Birmingham is undergoing something of a boom, but grade-A office space in the city could reach an all-time low by 2017.
A strong performance in the regions saw investment in UK commercial property balloon to £36bn in the first half of this year - the second-highest total on record, according to Lambert Smith Hampton’s (LSH) latest UK Investment Transactions report.
West Midlands News
St Modwen has been given the go-ahead for 800,000 sq ft of development on a 35 acre site in Tamworth, east of junction 10 of the M42.