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
Hines has confirmed the sale of six buildings at Brindleyplace in Birmingham to HSBC Alternative Investments for £260m.