Good time to move office to Birmingham
Research suggests businesses should move to Birmingham office space sooner rather than later.
New figures from commercial property agents Cushman & Wakefield suggest now might be the best time for businesses to move office to Birmingham. The figures show that the recent lack of development in the Birmingham office space market and the future lack of speculative development could lead to a lack of Grade A Birmingham office space in the new year.
“There is no disguising that overall supply levels remain high and so it is still a tenant friendly market. Grade A space is however declining at a quicker rate than total supply levels, and there is a shortage of large floorplates emerging, which will gradually diminish the choice for occupiers," commented the Head of Business for Cushman & Wakefield in Birmingham.
Recent figures from officebroker.com show a 20% increase in the number of businesses looking to make a Birmingham office relocation. As a result, industry insiders are now urging businesses to make the move to Birmingham offices now before a lack of prime Birmingham office space and increased tenant demand lead current landlords to increase their rental rates.
Experts expect a range of Birmingham office space developments which are due to be completed in 2011, such as The Cube development, to fill up fast as businesses look to make a fresh start by moving office to Birmingham in the new year. The problem could be alleviated if the stalled Ballymore office space scheme at Two Snowhill manages to secure funding but at the moment the future of that project still remains uncertain.
If you're thinking about moving office to Birmingham then Help Moving Office has all the resources you need. From moving office space calculators to moving office checklists, the Help Moving Office website is packed full of great tools to ensure your Birmingham office relocation goes without a hitch.
