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Birmingham Office Space: Larger Requirements in Q1 2011

Birmingham Office Space: Larger Requirements in Q1 2011

The amount of office space required by new businesses in Birmingham City Centre has increased in the opening 3 months of 2011 – this is just one of the findings revealed in a new report published by officebroker.com.

Comparing the uptake in serviced office space across the City Centre, the report, City Focus: Birmingham Q1 2011, reveals that average workstation requirements have risen from 3.3 workstations in Q1 2010 to 9.5 workstations by the close of Q1 11.

While workstation requirements have increased, the number of individual businesses entering serviced office space in Birmingham City Centre has reduced – with 16% fewer businesses entering space compared to the same period in 2010.

The trend seen in the opening months of 2011 reflects the types of businesses currently seeking office space across the city, with a greater number of larger corporate requirements entering the marketplace than in Q1 2010.

Within the report workstation prices are shown to have decreased however, falling from a Q1 2010 average of £213.00 to £170.00 in Q1 2011, while the license lengths being committed to by new serviced office based businesses remained unchanged at 9 months.

The City Focus: Birmingham Q1 2011 report is 1 of 7 city centre markets explored in the Serviced Office Review Series from officebroker.com ΓÇô a new addition to the regional reports which have been published by officebroker.com since January 2010.

You can view and download the all the reports HERE

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Author: | April 21, 2011 | 0 Comments

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