Birmingham city centre is facing a shortage of prime grade-A office space, following a record year in 2017 when more than one million sq ft of office space was taken up, according to research by Savills . The largest deal in the fourth quarter of last year was Regus signing for 76,000 sq ft It said flexible office provider Regus was behind the biggest deal of Q4 2017, signing for 76,000 sq ft at The Crossway , Great Charles Street and 825,000 sq ft at the Lewis Building . Savills added office investment 2017 in Birmingham city reached $636m ( $636m ), while prime office yields remain at 4.75% .
Birmingham city centre is facing a shortage of prime grade-A office space, following a record year in 2017 when more than one million sq ft of office space was taken up, according to research by Savills . It said flexible office provider Regus was behind the biggest deal of Q4 2017, signing for 76,000 sq ft at The Crossway , Great Charles Street and 825,000 sq ft at the Lewis Building . Savills added office investment 2017 in Birmingham city reached $636m ( $636m ), while prime office yields remain at 4.75% .