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Birmingham Office Space Guide

A guide to flexible serviced offices and workspace for rent in Birmingham as well as general information that may be useful if you are thinking of renting office space in the city.

For further offices information or to search office space for rent in Birmingham just click. Or contact us for any other query.

Overview

Birmingham is a city and metropolitan borough in the West Midlands county of England, UK. It is the most populated British city outside of London with a population of 1,101,000 (2014 estimate) and lies at the heart of the West Midlands conurbation, the UK’s second most populous Urban Area with a population of 2,808,400 (2014 estimate).

Birmingham was the powerhouse of the Industrial Revolution in England, which led to it being referred to as ‘the workshop of the world’ or the ‘city of a thousand trades’.

Although Birmingham’s industrial importance has declined, it has developed into a national commercial centre.

Birmingham is a national hub for conferences, retail and events along with an established high-tech, research and development sector, supported by its three universities. It is the fourth-most visited city by foreign visitors in the UK and has the second-largest city economy in the UK and often is referred to as the ‘Second City’, although this title is fought over with its North West counterpart.

In 2018, Birmingham was ranked as the 50th-most ‘liveable’ city in the world, according to the Mercer Index of worldwide standards of living.

Economy

Locate in Birmingham state that Birmingham city centre is the region’s major cluster with around 600 professional and financial sector firms and a driver of sector activity throughout the region. The city has 200 law firms, boasts a wealth of highly talented banking specialists, many top accountants, 50 major property services companies, and one of Europe’s largest insurance markets.

Two of Britain’s largest banks were founded in Birmingham – Lloyds Bank in 1765 and the Midland Bank in 1836.

Tourism is an important part of the local economy. With major facilities such as the International Convention Centre and National Exhibition Centre (NEC), the Birmingham area accounts for 42% of the UK exhibition and conference trade.

The city’s three Universities, Aston University, University of Birmingham and Birmingham City University and two University colleges have over 65,000 students and employ around 15,000 staff, contributing to the city’s economy as well as its research and innovation base.

The city is the largest centre in the UK for employment in the public sector and, in September 2017, the government signed a 25-year lease on nearly 250,000 sq ft at Arena Central which will be the new Midlands regional hub of Her Majesty’s Revenue and Customs (HMRC).

The government is proposing a new High-Speed train network called ‘HS2’ which will increase the capacity and efficiency of the UK rail system for both passengers and freight transportation. The proposals are that the West Midlands will become a major hub and interchange for the whole network.

Independent research carried out in 2013 predicted that with a fully operational HS2, the West Midlands could see:

  • 50,000 new jobs (25,000 of which would be in Birmingham and Solihull).
  • An average gross value added (GVA) increase of £690 per worker.
  • A £4 billion increase in economic output for the region per year.

Office Space to Rent in Birmingham

 

In 2017, the total office space take-up for the Birmingham market topped 1 million sq ft for the first time in the last decade. This was due to increased activity in quarters 3 and 4 following a slow first half of the year.

 

The takeup figures were boosted by a significant transaction: HMRC’s 240,000 sq ft pre-let at Arena Central, as well as smaller deals such as the Royal Institution of Chartered Surveyors (RICS) moving from Coventry and taking 30,000 sq ft of office space at 55 Colmore Row.

This increased activity has boosted Birmingham’s 10-year average annual office space take up to 750,000 sq ft from 716,000 sq ft.

Other key transactions in Birmingham came from the serviced office, managed office and co-working space provider sector – for example, Regus took 76,000 sq ft at The Crossway and 33,000 sq ft at The Lewis Building

Another serviced office provider, MSO Workspace, took just under 10,000 sq ft of office space at 11 Brindleyplace.

iHub took 18,000 sq ft at Colmore Gate, Alpha Works created nearly 20,000 sq ft of serviced and managed offices over two properties, and Instant Offices created circa 32,000 sq ft of managed office space deals for 3 separate clients across 3 separate properties.

The total take-up by the serviced/managed office operator (occupier) market in 2017 was 200,200 sq ft and Savills forecast that serviced office operators will take more than this figure during 2018.

Transport

Due to its inland central location, Birmingham is a major transport hub on the motorway and rail networks. The city is served by a number of major motorways and probably the best-known motorway junction in the UK: Spaghetti Junction.

The nearest airport is Birmingham Airport (BHX), located in the Borough of Solihull to the east of the city. Passenger throughput in 2017 was just under 13 million, making it the 7th busiest UK airport

Local public transport is by bus, local train and tram. The city’s main railway station, Birmingham New Street, is at the centre of the national railway network. Birmingham Snow Hill station is another major railway station in the city centre, and a terminus for the Midland Metro which operates between the station and Wolverhampton, also serving the nearby towns of Bilston, West Bromwich, and Wednesbury. Birmingham has a large rail-based park and ride network that supplies the city centre.

Travel time between Birmingham and London is approximately 1hr 25 minutes by train.

The UK’s railways carry 1.25 billion passenger journeys per annum and increasing levels of rail freight and because capacity is almost at its limit, the government is proposing to increase capacity and efficiency through a new High-Speed Rail Network. HS2 will reduce Birmingham to London journey times to under 50 minutes.

Landmarks and Tourism

Birmingham is home to two of the country’s oldest professional football teams: Aston Villa, who play at Villa Park; and Birmingham City, who play at St Andrew’s.

Six times County Championship winners Warwickshire County Cricket Club play at Edgbaston Cricket Ground, which also hosts test cricket and one-day internationals.

Two major developments have regenerated two parts of the city in recent years. Brindleyplace is a major canalside development with restaurants and office buildings along with the National Sea Life Centre. The other is the Bullring Shopping Centre which is the twelfth largest in Europe covering over 23 acres. The Mailbox, a canalside development, features designer stores together with offices and apartments.

The National Indoor Arena is one of the busiest large scale sporting and entertainment venues in Europe.

The nightlife in Birmingham is concentrated mainly along Broad Street and into Brindleyplace. There are also a number of late night bars in the Irish Quarter.

Birmingham has a vast selection of business travel accommodation options and we have partnered with Booking.com to bring you all of these in one place.

You can use the search tool below to search and book. If you have a Booking.com account, you can log into that via the tool.

You can view our new Street Address Guide for this location by clicking the link below.



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