Friday, March 14, 2014

Why birmingham office Space is purely a business opportunity

Connected City 

  • Birmingham has regional, national, European and global connections. To keep Birmingham ahead £1.3 billion will be invested in their networks by 2015.
  • Easy access to 400 million people across Europe
  • 90% of UK consumers are within four hours travel time
  • High Speed 2 rail  – London in less than 45 minutes 
  • 50 airlines serving more than 140 routes worldwide

Growth Engine

  • In Birmingham, £94 billion regional economy will grow 20% by 2020
  • Innovative economic zones generating £1.5bn and 50,000 new jobs
  • Home to 75,000 companies, 1,190 of which are international
  • Our population will grow to 1.17million by 2018 (ONS)
  • Birmingham New Street helps move nearly 25million passengers annually
  • Europe's youngest city, with under 25's nearly 40% of our population

High quality workforce

  •  Large talent pool in Birmingham is highly ranked now. It will stay that way.
  • 4.3 million people of working age within an hour of the city
  • Over 300,000 students and 100,000 graduates within an hour’s drive of the city
  • A digital hub - for example 21% of the UK's games industry workforce is here
  • Nearly 1 million people speak a second language

Multi-sector strengths

  • Talented people use their skills and expertise across a range of key sectors.
  • 60% of the UK’s automotive R&D from the region
  • More BPFS companies than Zurich, Manchester and Edinburgh
  • 23,700 people in architecture and engineering
  • 500 medical technology companies, more than any other UK region

Bold regeneration

  • Birmingham is investing £18 billion by 2026 in a bold 21st Century regeneration plan.
  • £1.3 billion will be invested in road, rail and air networks by 2015
  • £25 million is going in to the Digital Media Academy and £188 million on the new Library of Birmingham
  • A £600 million redevelopment of New Street Station is underway

Business Catalyst

  • A comprehensive suite of products to speed up the process of setting up your business in Birmingham.
  • Local labour pool analysis, bespoke recruitment & apprenticeship solutions
  • Property and incubator space – short-term accommodation and support for future plans
  • Business services including legal advice, project management and other professional services for business establishment
  • Profile-raising opportunities such as PR announcements, sales and marketing workshops, networking events and social media collaboration

Space to Breathe

  • Birmingham was voted best UK city outside of London for quality of life (Mercer Quality of Living 2012).
  • With more than 600 parks and open spaces and Sutton Park as one of the largest urban parks in Europe there is always space to breathe
  • Slow down. Explore more miles of canal than Venice
  • Secure future - 10 Local Nature Reserves and 156 designated nature conservation sites

Its the right time to grab the opportunity to find out a space that suits your needs in Birmingham. Here is the list of Office Spaces in Birmingham

Related Posts :
Demand for Office Space in Birmingham
Birmingham Office Spaces Improved Market Sentiments

Arew View
Office Space in Birmingham, West Midlands
Arew View, Clement Street
The commercial property is located on Clement Street adjacent to the NIA in Birmingham’s Convention Quarter. The property is within easy access of the Inner Ring Road, which gives access to the motorway network.

Thursday, March 13, 2014

Birmingham Office Space Industry Experts Prediction of the year - BOMF

Birmingham Office Space Industry Experts Prediction of the year - BOMF

BOMF(Birmingham Office Market experts) says it the change of year for Birmingham.

The Birmingham's Office Space Market will see a significant shift in supply and demand dynamics according to BOMF.

The Shift - which will see the tightening of available Grade A accommodation leading to an eventual critical stock shortage and creating a greater reliance on refurbished Grade B Stock - was highlighted at the organisation's annual networking breakfast, held at Opus Restaurant.

On this event the city's leading business and property players were present. Outgoing chairman and head of Jones Lang LaSalle's Birmingham office, Jan Thompson, said: "We are at a critical and challenging point in the market where occupiers can no longer rely on the oversupply of legacy space.

"Unless we see an increase in new development activity, both large and small Grade A space, as well as refurbished Grade B stock, will be completely absorbed, leaving a significant gap in the market. Regardless of whether we are looking at a new development or refurbished property, from a funding perspective this is still a far more challenging environment that it has been historically."

BOMF predicts that the shortage will be triggered by a number of coinciding lease expiry's and break events, leaving exceedingly limited capacity for those businesses looking to move in 2014-16.

However, this shortage of space and the increased rents that it will create could stimulate investment, leading to further construction.

While there are new development taking place, including 2 Snow Hill - the only speculative development to be undertaken in Birmingham and one of just a handful across the UK - which is set to be delivered this year, most require upwards of two years to be completed, leaving a considerable interim stock gap.

This lead-in will have a definite impact on the immediate decision-making process for major occupiers.

John Griffiths, GBR Phoenix Beard, said: "The approach that we will see adopted is one that engenders greater collaboration with other organisations and bodies, such as the Greater Birmingham and Solihull LEP, Marketing Birmingham and the city council.

"We have a role to play in terms of guarding the future growth of the office market within the city and by working together as a single group we have a more powerful voice that will ensure that Birmingham remains a key commercial location."

Keynote speaker at this year's event was Steve Hollis, deputy chair of the Greater Birmingham and Solihull Local Enterprise Partnership (GBSLEP), who provided an update on the LEP's progress to date and how Birmingham's commercial property industry will benefit from initiatives such as the City Centre Enterprise Zone.

Steve Hollis said: "Birmingham has a great history of successful local governance and schemes such as Argent's Paradise Circus redevelopment have been particularly well received.

"One thing that is abundantly clear is that Birmingham won't be in a position to meet demand for new development without significant pre-lets, which won't be delivered unless new-build development can be encouraged.

"In order to make the most of the opportunities that the LEP can provide to the city, we need to see additional devolution of decision-making powers from central government down to the local level, which will streamline the process. By injecting further confidence into the local governance we will be able to address this development issue and ensure that Birmingham continues to stimulate commercial growth."

The networking breakfast also saw the launch of the sixth annual Birmingham office market map, which provides an essential update on office market activity that has taken place throughout the previous year, as well as giving an overview of the range and quality of Birmingham's office stock.

John Griffiths added: "A key point of the creation of the Forum was to ensure that we had a consistent and granular set of market data and I believe that with the changing nature of the market, this precise data is going to become increasingly important.

"We now require detailed analysis as we are getting back to the point where the market has to be viewed in a building-specific way. Throughout all of this activity, we should not lose sight of the fact that Birmingham - in terms of property, staff availability and overall offer in the city centre - creates an incredibly competitive proposition."

Formed in 2007, the Birmingham Office Market Forum works in conjunction with event sponsor CoStar Group, the leading provider of information services to commercial real estate professionals, providing a platform for members to share insights and provide an agreed analysis of statistics relating to the city centre office market.

Related Blogs :
Demand for Office Space in Birmingham
Birmingham Office Spaces Improved Market Sentiments