The Cost of Office Space in Birmingham 2022

Flexibility is appearing at the top of many occupier agendas as they are seeking more flexibility than ever before, both in space and lease terms. This hunger for flexible space is reflected by Goldman Sachs’ decision to double their space in the WeWork at 55 Colmore Row Q1 2022. While flexibility is an in-demand commodity, the demand for high-quality stock is not being compromised to get it. With 75% of Q1 deals in the city core being for Grade A space, it shows that tenants know what they want and they’re actively going after it.

ESG has become the word – or acronym – on everybody’s agenda. Commercial property agents, landlords and occupiers alike are all assessing the relationship they have with their teams, how they use their office space and how this affects their property strategy. Environmental, Social and Governance (ESG) has become an ethical priority for occupiers, enabling them to enhance their corporate decision-making and, as one of many benefits, make their organisations appealing to existing and potential talent.