Central Birmingham office market take up figures Quarter 4, 2016

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Office take up in Quarter Four 2016 in the central Birmingham office market totalled 97,391 sq ft in 29 deals, according to figures compiled by Birmingham Office Market Forum, as scheduled in the table below.

When added to the 110 deals totalling 595,338 sq ft recorded in the first three quarters of the year, the 2016 year-end total take up amounts to 692,729 sq sq ft in 139 deals.

This compares with:

970,458 sq ft in 132 deals for 2015
713,460 sq ft in 148 deals for 2014
664,147 sq ft in 128 deals for 2013
500,955 sq ft in 133 deals for 2012

The 2016 outcome was down on the record take up seen in 2015, with a challenging second half to the year. However the total is very close to both the 5 and 10 year averages. The number of transactions recorded was actually up on the previous year, with 139 deals compared with 132.

The outlook remains positive for 2017 with both the HS2 and Government Property Unit (GPU) demand likely to come forward, together with the delivery of a number of new high profile office refurbishment schemes.

ADDRESS AREA SIZE (SQ FT) LANDLORD TENANT LETTING AGENT
Suite 13/14 White House, New Street Core 243 Hortons Estate Thomas Guise Solicitors JLL
Part 2nd Floor, 5 Lower Temple Street Core 935 Hortons Estate Easi Rent JLL
First Floor Front, 21 Bennetts Hill Core 1,560 Hortons Estate Diverse World JLL
Suite 1.02 Imperial & Whitehall, Colmore Row Core 519 Hortons’ Estate (Grand Hotel) Limited Paragon Interiors Group plc Lambert Smith Hampton/Johnson Fellows
5th Floor Rear, Cavendish House, Waterloo Street Core 642 White Pillar Properties Limited Vault IP Limited Lambert Smith Hampton/Knight Frank
Suite 2.02 Imperial & Whitehall, Colmore Row Core 527 Hortons’ Estate (Grand Hotel) Limited Maber Associates Limited Lambert Smith Hampton/Johnson Fellows
Part 1st Floor, 30 St Pauls Square Fringe 2,943 Civil Aviation Authority Pension Scheme Lambert Smith Hampton/Mason Young
Suite 1.05 Imperial & Whitehall, Colmore Row Core 2,228 Hortons’ Estate (Grand Hotel) Limited Hiscox Insurance Company Limited Lambert Smith Hampton/Johnson Fellows
2nd Floor, 3 Greenfield Crescent, Edgbaston Edgbaston 1,050 NCW Associates Essential Money Ltd PPRE
47 Calthorpe Road, Edgbaston Edgbaston 3,159 Remax Group Michael Heaven Ltd PPRE / Savills
48 Calthorpe Road, Edgbaston Edgbaston 4,969 Remax Group Remax (Edbgaston) Ltd PPRE / Savills
Unit 10 The Cloisters Edgbaston 1,795 Dilford Limited TRP solicitors GVA / Cushmans
Unit 4 The Cloisters Edgbaston 1,795 Dilford Limited Phidex GVA / Cushmans
St Phillips Point Core 5,400 Ediston AXA Savills/GVA
Pt 10th (rear) 54 Hagley Road, Edgbaston Edgbaston 3,169 Hagley Road Ltd Alliance Surgical GVA / Savills
10 St Pauls Square, Birmingham Fringe 13,142 Alpha Plus Group MCR Cushman & Wakefield
Part 13th Floor, Bank House, Cherry Street Core 1,800 Hudson Advisors Sweett Group Savills / Cushman & Wakefield
Part 12th Floor, Alpha Tower, Suffolk Street Queensway Fringe 3,500 CEG Galliford Try Savills / CBRE
11th Floor, Alpha Tower, Suffolk Street Queensway Fringe 7,100 CEG Pro-Brand Savills / CBRE
Assay Studios, Newhall Street Fringe 2,763 TCN Emerald Technology Recruitment CBRE
Assay Studios, Newhall Street Fringe 1,000 TCN Roo Foods Ltd (Deliveroo) CBRE
Part 7th Floor, Livery Place, Livery Street Core 1,389 Canmoor Chapman BDSP CBRE / Savills
Ground Floor, Lyndon House Fringe 3,359 LaSalle BHSF JLL / KF
Part 8th Floor, Lyndon House Fringe 2,090 LaSalle Alf Bushell/Cash Solutions JLL / KF
Part 13th and 14th Floor, Lyndon House Fringe 6,270 LaSalle Royal College of Nursing JLL / KF
4th Floor, 19 Cornwall Street Core 19,448 Standard Life Pinsent Masons Savills
Part 1st Floor, 30 St Pauls Square Fringe 2,560 Civil Aviation Authority Pension Scheme Firstpoint Healthcare Ltd Lambert Smith Hampton/Mason Young
5th Floor Rear, Neville House, Waterloo Street Core 1,436 Korazon Limited Black Cat Solutions Limited Lambert Smith Hampton
Chamberlain Building, 36 Frederick Street, Birmingham Fringe 600 KAD Investments Ltd Buy Sell Bullion Ltd Mason Young