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 , bidding for 76,000 sq ft at The Crossway , Great Charles Street and 33,000 sq ft at the Lewis Building . Until then, competition among occupiers will further intensify for Grade A space. Savills added office investment last year in Birmingham reached £ 462 m ( $ 636 million ) , while prime office rates 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 , bidding for 76,000 sq ft at The Crossway , Great Charles Street and 33,000 sq ft at the Lewis Building . Savills added office investment last year in Birmingham reached £ 462 m ( $ 636 million ) , while prime office rates remain at 4.75 % .