Supply shortage driving up rents to pre-recession levels in Solihull and M42 Corridor
A lack of Grade A office space is driving up rents in the M42 and Solihull office market to levels not seen since the recession, property agents have said.
Mark Robinson, director in KWB’s Birmingham-based Office Agency Team, said rents for new Grade A space had now passed £23.50 psf and were likely to continue to increase over the next 12 months, as well as applying upward pressure to rents for refurbished space.
He said: “There is no brand new Grade A office space available at present in the Solihull and M42 office market... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
