COLLIERS CRE BIRMINGHAM NET STOCK ABSORPTION PAPER SPRING 2008

Published: March 2008
Source/Company: Colliers CRE

Abstract:
Key points from the latest report include:

• Net Stock Absorption of offices was 36,327 sq ft for H2 2007, correcting a run of two years of negative results.

• Half year take-up in central Birmingham rose by 50% to reach 394,708 sq ft in H2 2007. Total annual take-up for 2007was 657,645 sq ft, a rise of 11% year on year.

• Prime headline rents have risen to £26.00 psf. Pre-letting activity in the City Core during 2008 should help to raise headline rents.