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Birmingham : Take-up in the city centre was above peak of last cycle - February 2016

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On the back of the strong performance witnessed in 2014, letting activity in the Birmingham office market continued relentlessly in 2015. A surge in take-up made possible a combined 1.47m sq ft worth of deals signed across the City Centre and Out-of-Town (OOT) markets.

With 970,458 sq ft, City Centre take-up over the year surpassed its pre-recessionary peak witnessed in 2008. There were 132 deals with an average size of 7,352 sq ft, this compares to 148 deals with an average deal size of 4,820 sq ft experienced in 2014.

Source : BNP Paribas Real Estate

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