Phase Two of BirminghamΓÇÖs ΓÇ£Big City PlanΓÇ¥ Revealed
Birmingham City Council has revealed the second stage of its ΓÇ£Big City PlanΓÇ¥ ΓÇô a development scheme stretching over 20 years that promises to deliver far reaching changes to the city and that will include over 1.5m sq. m. of new retail, leisure, cultural and office space.
Spanning in excess of 800 hectares of land, the project symbolises the councilΓÇÖs commitment to transforming areas Birmingham City Centre and generating new employment opportunities ΓÇô with a figure of 50,000 new jobs being reported by some sources.
Touted as ΓÇ£the most ambitious and far-reaching citywide development project ever undertaken in the UKΓÇ¥, BirminghamΓÇÖs ΓÇ£Big City PlanΓÇ¥ has set itself an ultimate goal of generating a world class city of global note during the 20 years of planned transformation.
Focused across five areas of the city centre, details of which can be found on the Big City Plan website, the creation of new public facilities and high quality office space within a series of skyscrapers is an exciting prospect for the city, which I have often seen being considered as less appealing or ΓÇ£coolΓÇ¥ compared to the likes of Manchester, despite its great transport links, obvious business credentials and welcoming nature.
The announcement of phase 2 of the ΓÇ£Big city PlanΓÇ¥ coincides with the West Midlands Purchasing ManagerΓÇÖs Index (PMI), sponsored by Advantage West Midlands, demonstrating that the regionΓÇÖs private sector economy has continued to improve in recent months.
This up-swing in business activity recorded in the PMI is also reflected in activity recorded in the regions serviced office market, a market consisting of business centres and flexible office providers which are heavily utilised by the SME sector as well as large corporations.
The serviced office space research, produced by officebroker.com and published as part of its regional Serviced Office Review Series, tracks take-up, enquiry levels, workstation prices and the average length of license being entered into by businesses within regional markets.
In the Q2 2010 instalment of the Serviced Office Review Series, officebroker.com reported a 10% increase in the number of individual business entering serviced office space within the West Midlands region ΓÇô of which the placement activity within BirminghamΓÇÖs City Centre was a major component.
So with Birmingham City Council looking to the future once more and signs of business activity picking up in the West Midlands is the regionΓÇÖs economy on the up?
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If you are looking for office space why not begin your journey by visiting www.officebroker.com.
*Source: Serviced Office Review: West Midlands Q2 2010 published by officebroker.com. The Q3 update for the West Midlands is due to be published in October 2010. Email email@example.com for details.