New research has shown that the rent levels for Birmingham office space have decreased for the fifth consecutive year.
Findings by a midlands office market report show that rents for serviced offices in Birmingham city centre have fallen by nearly 20% in the last four years indicating a gloomy market.
Prime city centre office space fees have dropped to around £27.50 per square feet in comparison to in 2007, when rental leases were around £32.50 a square feet.
Outside the Birmingham city centre the rental fees have also tumbled 13% to an average of £19.50 per square feet. This is in stark contrast to other areas across the UK such as Leicester, Northampton and Bristol office space which report rent stability or increase.
So as fees fall and demand overtakes supply, make sure you search for quality office space with the experts at Official Space. They have over 6,000 offices across the UK so whether you need an office space in the north, south; east or west, get in touch with the professionals today. And do not worry about rental costs because they have a vast array of properties listed to suit all budgets and needs.
12Sep
Rent Levels For Birmingham Office Space Have Fallen By 20%
News
Leave a comment (0)
Recent Comments