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UK Cities Mid-Year Review: Offices
Knight Frank's mid-year review of office market conditions across major UK cities.
OfficeUnited KingdomLondon
Updated 4 days agoPublished Unknown
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Hammerson has completed acquisition of full ownership of the Bullring & Grand Central shopping centre.
Knight Frank's mid-year review of office market conditions across major UK cities.
BIRMINGHAM, ALA. — Dobbins Group along with general contractor Capstone Building Corp., both locally based, have completed construction of Colina Hillside in Birmingham. The 475-unit property was designed by Williams… The post Dobbins Group, Capstone Building Corp. Complete Development of Colina Hillside in…
BIRMINGHAM, ALA. — Dobbins Group has delivered Colina Hillside, a 475-unit apartment community located at 1121 Colina St. in Birmingham. Capstone Building Corp. served as the general contractor for the project, which comprises one-, two- and three-bedroom apartments across multiple four- and five-story buildings.…
Blackpool Council is set to award a contract to HOCHTIEF for a £300m data centre project at its Silicon Sands enterprise zone, subject to standstill period and governance approvals.
A 2.7-acre woodland park opens in Manchester's Victoria North regeneration area, marking the first phase of 113 acres of planned green space alongside new residential development.
ORLANDO, FLA. — Capstone Building Corp., a Birmingham, Alabama-based general contractor, has begun building The Gateway in Orlando. Hollywood, Florida-based JBL Development is the developer, and Baker Barrios is the… The post JBL, Capstone Building Corp. Break Ground on The Gateway in Orlando appeared first on…
Burton Property Group acquired Vestavia Hills City Center, a 389,471-square-foot retail property in suburban Birmingham, Alabama, for $76 million and secured $52 million in financing.
AustralianSuper's new UK Living Platform acquired a six-asset, 1,616-bed purpose-built student accommodation portfolio (The Aspen, Aster House, Huxley Studios, Wick Park, Howard Gardens and Compass) across London, Edinburgh, Belfast, Cardiff, Birmingham and Leicester from Harrison Street Asset Management -- the platform's first acquisition since its October 2025 launch with an initial GBP 500m commitment. Price not disclosed.
Few details known about facility being planned for Fairfield
Birmingham, Ala. — Capstone Development Partners, powered by Lincoln, has announced four new hires to its leadership team. New additions to the Birmingham, Alabama-based firm include Nick Martin, chief financial officer;… The post Capstone Development Partners Announces Four Leadership Hires appeared first on…
Gerald Eve thought leadership piece examining conditions and trends in the Birmingham office market.
Gerald Eve provides a thought leadership update on market conditions and trends in the Birmingham office sector.
Gerald Eve provides a thought leadership update on office market conditions and dynamics in Birmingham.
JLL's Big Six Residential Development Report for Summer 2025 analyzes residential development trends across six UK cities (Birmingham, Bristol, Edinburgh, Glasgow, Leeds, and Manchester), finding average annual price growth of 1.7% and rental growth of 2.1% across these markets, with Birmingham leading in both metrics and over 14,500 BTR units in its pipeline. Key findings include a 64% increase in BTR investment in H1 2025 versus the five-year H1 average, normalization of rental growth from 4.2% in December 2024 to 2.1% currently, removal of Scotland's temporary rent cap legislation on 1 April 2025, and development viability challenges from building safety regulations and planning restrictions impacting new home completions despite strong underlying demand for urban housing.
Prime office rents across the UK's 15 key regional office markets rose by an average of 8.2% in 2025, with the Big Six markets (Birmingham, Bristol, Edinburgh, Glasgow, Leeds, and Manchester) experiencing stronger growth of 10.2%, driven by limited supply of high-quality space and strong occupier demand. Investment activity remained subdued at £938 million through Q3 2025, level with the prior year, though sentiment improved and sentiment indicators point to recovery expected in 2026 supported by high-profile asset disposals and improved financing conditions.
Birmingham's office market recorded take-up of 143,464 sq ft in Q1 2026, with city centre deals totalling 106,724 sq ft across 24 transactions while out-of-town activity generated 36,470 sq ft in 6 deals. Prime rent reached £52 per square foot, representing 12% quarterly growth and 20% annual growth, vacancy remained at 11.4% (down 50 basis points year-on-year), and future supply is constrained with only 155,000 sq ft annually forecast for delivery over 2026–2028 compared to the historical average of 330,000 sq ft.
This is a market report published by Savills in December 2025 covering the office sector in Birmingham, UK.
Knight Frank's 2025 review examines Birmingham's residential development market, analyzing growth drivers including life sciences and technology investment, the pending HS2 arrival, and approved major development schemes expected to deliver approximately 8,000 new homes alongside new offices and public spaces. The document reports that Birmingham's economy is projected to expand 19% from £34.0 billion in 2025 to £40.6 billion by 2035, with housing delivery reaching 4,546 net additions between 2023 and 2024, though this remains below the long-term average of 2,700 homes annually and the newly proposed local target of 4,448 homes per year.
This is a Q1 2026 data-focused report published by Savills presenting occupational office market figures for Birmingham, UK.
JLL's Q1 2026 Birmingham Office Market Dynamics report covers leasing activity, rental rates, and vacancy levels in the Birmingham office market during the first quarter of 2026. The report states that 106,700 square feet transacted in Q1 2026, prime rents rose to £52.00 per square foot, overall vacancy increased to 9.9% while Grade A vacancy remained tight at 4.6%, and space under construction declined as completions exceeded new starts.
Birmingham's office market experienced strong take-up of 703,430 sq ft in 2025, which was 2% above the five-year annual average, with Grade A and Prime space accounting for 73% of total activity across 100 transactions. Availability fell to 1.7 million sq ft at the end of Q4 2025 (an 11% decrease from the previous quarter), the Prime headline rent reached £46 per sq ft with forecasts predicting further 30% growth to approximately £60 per sq ft by end of 2030, and the Professional sector led demand at 41% of total take-up.
Cushman & Wakefield's Q4 2025 MarketBeat report on Regional and South East office markets covers take-up, supply, rental values, and investment activity across the Big Five regional markets (Birmingham, Bristol, Edinburgh, Leeds, Manchester) and the South East, finding that 2025 saw 6.4 million sq ft of take-up (10% below 2024 and 13% below the five-year average) and £1,861.7 million in investment (the lowest annual total since 2012), with Q4 showing a 12% quarter-on-quarter increase in take-up driven by Grade A activity and a 10.8% vacancy rate. The report projects 2026 will see continued rental growth, persistent Grade A supply constraints, and increasing investment activity supported by easing interest rates and improving credit conditions, with momentum expected to build as occupier demand for high-quality space and flexibility intensifies.
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Birmingham's office market recorded 288,018 sq ft of take-up in Q4 2025, the highest fourth-quarter figure since 2017, representing a 110% increase from Q4 2024, with annual 2025 take-up totaling 703,430 sq ft and professional services accounting for 40% of activity. Headline rents reached £46 per sq ft in Q4 2025 and subsequently increased to £52 per sq ft in early 2026, with Savills forecasting continued prime rent growth over the next five years as supply remains constrained.
Knight Frank's Q3 2025 UK Cities Office Market Review analyzes leasing, supply, investment, and rental trends across ten regional UK office markets including Aberdeen, Birmingham, Bristol, Cardiff, Edinburgh, Glasgow, Leeds, Manchester, Newcastle, and Sheffield. Key findings include leasing activity reaching 2.5 million square feet in the first half of 2025 with year-on-year growth, seven of ten cities recording rental increases as high as 20%, limited new and Grade A space availability at a 3.0% vacancy rate, investment volumes of £373.5 million in H1, and stable prime asset pricing at 6.50%.
Office take-up in the UK regional markets and South East totalled 1.44 million square feet in Q3 2025, representing a 5% increase from Q2 but remaining 14% below the five-year quarterly average, with Grade A space accounting for 72% of activity. Refurbishments comprised 66% of all space delivered in 2025 as new development slowly returned, with 3.4 million square feet under construction across regional markets and headline rents rising in four of the Big Five cities to levels including Bristol at £50 per square foot and Birmingham at £46 per square foot.
Knight Frank's H1 2025 Office Market Mid Year Review examines leasing, supply, investment, and rental trends across ten UK regional cities including Aberdeen, Birmingham, Bristol, Cardiff, Edinburgh, Glasgow, Leeds, Manchester, Newcastle, and Sheffield. The report finds that regional leasing activity reached 2.5 million square feet in the first half of 2025 (7% above H1 2024), seven of ten cities recorded year-on-year rental growth reaching as high as 20%, but investment volumes were subdued at £373.5 million and new grade A office space availability remained critically tight at 3.0% vacancy, creating intense competition for quality space.