Q1 2026 Birmingham Office Market Dynamics report

Leasing activity in Q1 2026 was steady with 106,700 sq.ft. transacted, with prime rents rising to £52.00 per sq.ft.

Overall vacancy moved up over the quarter to 9.9%, although Grade A vacancy remains tight at 4.6%.

Space under construction fell as completions outweighed new starts, a trend expected to continue in the medium term.