According to a new survey Birmingham has seen the highest level of office building in 13 years…
Deloitte has revealed there has been a significant programme of office building across the city of Birmingham.
The firm’s latest crane survey showed construction in the city had reached its highest level in 13 years.
Across Birmingham, nearly one million square foot of office space is currently under construction. This is significantly more than the levels seen in 2013, when building reached a low of just 14,000 sq ft. It is also more than the 10 year average, which stands at 384,000 sq ft.
The survey showed a total of six new starts were recorded during the last quarter of 2015. This followed a period of slow output in the sector.
Additionally, growth was also seen in the leisure and retail sectors, as well as an increase in hotels and student accommodation schemes across the city.
Speaking to the Birmingham Post, lead partner of Deloitte Real Estate in the Midlands Edwin Bray said: “This is an incredibly positive report in many ways and reflects the sentiment towards Birmingham and the wider Midlands region that we are seeing across our firm and client-base, not just here in the UK, but globally.
“The Midlands Engine is roaring loud and clear and the year-on-year improvements and investments, such as the £600 million refurbishment of New Street Station, the Grand Central shopping centre and the new Midlands Metro, just continue to strengthen the city’s offer.”