Q3 take-up totalled 178,700 sq.ft., almost matching the level achieved in H1 and bringing the year-to-date total to 364,500 sq.ft.

Supply moderated over the quarter, but space under construction increased with two major refurbishments now underway, including the 190,000 sq.ft. Colmore Gate.

Prime rents increased to £46.00 per sq.ft. with further growth expected by year-end for the best quality space.