Bolder, brighter Birmingham | Archive Titles

Steadily rising value of output obtained by contractors in the West Midlands:
		All work (£m)
2003	Q2	1,939
	Q3	2,080
	Q4	2,166
2004	Q1	2,157
	Q2	2,199
	Q3	2,248
	Q4	2,225
2005	Q1	2,144
	Q2	2,230
Source: RICS

Birmingham office take-up in first half of 2005
	Grade A	Grade B
Take-up city centre	98,000 sq ft	144,000 sq ft	242,000 sq ft
10-year average	266,000 sq ft	318,000 sq ft	584,000 sq ft
Availability city centre	145,000 sq ft	780,000 sq ft	925,000 sq ft
10-year average	420,900 sq ft	702,000 sq ft	1,122,900 sq ft
Office take-up in central Birmingham was subdued in the first half of 2005, at around 242,000 sq ft, according to CB Richard Ellis. This compares to a ten-year average of 584,000 sq ft. CBRE put this down to a shortage of new build stock in the city centre.
Source: CB Richard Ellis