A Guide to Business in Birmingham A Guide to Business in Birmingham | Page 4
A guide to business in Birmingham
Key commercial property trends
With the development of the HS2 rail project, Birmingham is bracing
itself for a boom in commercial property demand, with multi-national
firms encouraged to use the city as their primary British base.
While demand has slowed down following the financial crisis, the office, industrial and retail
sectors are expected to exceed the rest of the UK average until 2015:
Source: GVA Regional Cities Seminar: Invest in Birmingham/IPD REFL Jan 2011
Speculative developments like the city centre Paradise Circus project are likely to be
completed, offering new Grade-A office plots, along with retail space, hotel and
entertainment facilities. Other new developments like Five Brindley Place and 2 Snowhill
have modernised the city centre with top-quality office space.
Demand for industrial space in the city has been increasing rapidly recently as a result of a
boom in the e-commerce market, with Birmingham’s first-class distribution access to the rest
of the country creating a rise in demand for purpose-built warehouses (10).
Commercial Property – Industrial Units, Office Space to Rent
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