According to Savills research, Birmingham’s office market recorded its strongest fourth quarter performance since 2017. Total office take‑up reached 288,018 sq ft in Q4 2025, representing a 110% increase on Q4 2024 and 85% above the five year Q4 average.
Despite a slower first half of the year, overall take‑up for 2025 totalled 703,430 sq ft. While this marks a 17% year‑on‑year decrease, it remains 2% ahead of the five year annual average. A total of 100 transactions completed during the year, 3% more than in 2024 and 7% above the five year average, including 10 deals over 20,000 sq ft.
The most active sector was professional services, which accounted for 40% of annual take‑up (281,598 sq ft). Strong graduate retention continues to support the city’s talent pool and reinforces Birmingham’s appeal to major occupiers. The largest transaction was EY’s acquisition of 93,780 sq ft at 3 Chamberlain Square, Paradise, reflecting continued confidence among major corporates in Birmingham. Other notable deals saw global advisory firm Deloitte agree a lease of 46,000 sq ft at One Centenary Way, Paradise securing the last remaining space in the building.
Headline rents reached a new high of £46 per sq ft in Q4, a 2% increase on the previous quarter. Prime rents have risen sharply since 2019, with refurbished best‑in‑class space expected to drive further growth. Even during the COVID‑19 period, prime rents remained resilient, widening the gap between Grade A and secondary stock. This headline rent has since been exceeded again during the start of 2026 with Eversheds recent commitment at 3 Chamberlain Square and subsequently now stands at £52 per sq ft.
With supply expected to remain constrained, Savills forecasts that prime office rents will continue to grow further over the next 5 years, with upward pressure also anticipated across the secondary market.
Ben Thacker, Director, Birmingham Office Agency, comments, “We have experienced strong momentum in the Birmingham office market. Q4 delivered an exceptionally robust finish to the year with significant activity from the professional service sector, and we are proud to have advised on several of the major deals completed during the period. Demand for centrally located, high quality space remains strong, particularly against the backdrop of rapidly declining prime supply.”
