Birmingham
Key stats
TOTAL TAKE-UP IN QUARTER (SQ FT)
-23% CHANGE ON LAST QUARTER
VACANCY RATE
+79BPS CHANGE ON LAST QUARTER
PRIME RENT PER SQ FT
5% QUARTERLY CHANGE
TAKE-UP (SQ FT)
Source: Avison Young
Office demand in Birmingham fell over Q2 2025 to 150,370 sq ft, 23% down on the previous quarter and 54% below the 10 year average.
The Professional Services sector comprised the majority of take-up in Birmingham, prompted by a handful of large deals in the city centre. However, the largest deal of the quarter saw flexible office provider Covalt let 27,000 sq ft at 1 Victoria Square to open their first site in Birmingham.
Grade A supply reduced slightly this quarter to 2.3% with the letting at Three Chamberlain Square. As a result, prime supply in Birmingham now sits at historically low levels. However, overall supply increased to 12.7% up from 11.9% as a result of an increase in secondary stock.
Despite the generally subdued picture, prime rental levels increased by 5.2% to £45.50 psf, driven by take-up at the recently completed Three Chamberlain Square. Indeed, the scheme represents some of the highest quality office space in the UK and could drive further rental growth as it reaches full occupancy.
NOTABLE DEALS
Source: Avison Young
TAKE-UP BY SECTOR
Source: Avison Young
ANNUAL TAKE-UP (SQ FT)
Source: Avison Young
AVAILABILITY (SQ FT)
Source: Avison Young/CoStar
DEVELOPMENT PIPELINE (SQ FT)
Source: Avison Young, PMA, Glenigan
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