Rents up 15% at Birmingham office building as high demand drives market
High demand for office space has seen average rents at a Birmingham city centre office building spirral by 15%.
Acting on behalf of landlord West Midlands Pension Fund, Birmingham-based KWB's Head of Valuation and RICS registered valuer, Martin Cook negotiated the uplift with tenants at 35 Newhall Street.
The increases at the 53,587 sq ft, five-storey, multi-let, office building were achieved through a combination of rent reviews and lease re-gears.
Mr Cook said: “The increase we achieved reflects the change in the Birmingh... 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...