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Regus in the Mix ΓÇô Trio Take Birmingham Office Space

Regus in the Mix ΓÇô Trio Take Birmingham Office Space

Despite already operating three business centres in Birmingham City Centre, Regus, the worldΓÇÖs largest provider of serviced office space, has continued to roll out its expansion program by taking two floors at an office development opposite Brindleyplace.

The addition of Regus to the buildings tenants list follows the announcement of a further 10,000 or so square feet being leased to train control specialists Signalling Solutions and investment firm Honister, both of whom are setting up offices in Birmingham for the first time according to a report from

Located only a stoneΓÇÖs throw away from the serviced office centre they already operate in Brindleyplace, currently operating at around 90% occupancy, the Broad Street centre will allow Regus to offer an additional 12,000 sq. ft. of office space in the city centre ΓÇô a move perhaps driven by the success being enjoyed a the neighbouring building.

The arrival of this centre comes at a time when research* from – the UKΓÇÖs leading broker of serviced office space ΓÇô reported increases in the number of enquiries, workstation requirements and average workstation prices across the West Midlands serviced office market since the turn of 2010.

With Regus CEO Mark Dixon making positive sounds about the future role of serviced office space, as reported last week on the blog, the addition of new centres, such as the Broad Street centre, would appear to underline the providers intention to invest and prepare for what they believe will be a growing and increasingly favoured office space option.

The arrival of this trio to the building has also provided a boost to the commercial property market in the city, which was reported as being significantly subdued during the second quarter of 2010 according to DTZ. Announcing these deals, Jamie Spires of the office agency team at CB Richard Ellis in Birmingham hinted at this situation when he explained:“Getting 23,000 sq ft of space away in the current climate is a tough call, but CBRE Investors’ willingness to talk on both rent and lease terms has paid dividends.ΓÇ¥

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* Part of the Serviced Office Review Series

Author: | September 1, 2010 | 0 Comments

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