Summary and analysis of Birmingham's current office real estate market conditions.
Insight
21 May 2025
Birmingham Office Market Dynamics, Q1 2025
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Subdued leasing activity was evident, with just over 75,000 sq.ft. let. There were only two deals in excess of 5,000 sq.ft. which contributed to the low leasing volumes.
Supply decreased over the quarter, while the pipeline was unchanged. With over 100,000 sq.ft. already under offer, anticipated new deliveries will have less of an impact on the new build vacancy rate.
While the investment market was muted, Birmingham was one of the most active investment markets across the Big 6 during Q1.