Birmingham Refurbished Space Famine Eases
The £1.2M refurbishment of Birmingham's One Colmore Row has been completed, as the city's refurbished space market heats up.
The 44K SF block, asset managed by Catella APAM, has a new glazed entrance lobby and enlarged reception space, with touchdown workspace, grab-and-go coffee offer and informal meeting areas. New showers, changing facilities and secure bicycle storage have been added in the basement, ensuring the occupiers now have a wellbeing offer within the building.
The vacant sixth floor office has been refitted to reveal exposed ductwork and suspended LED light fittings.
The central Birmingham office market has endured a shortage of good refurbished floorspace for most of the last three years. The crisis is growing acute as take-up climbs.
The Birmingham Office Market Forum reported that office take-up totalled 105K SF in the final quarter of 2019, completing an annual total of 780K SF. The 2019 outcome exceeded both the 2018 total and the 10-year average take-up in central Birmingham, and demonstrated a steady finish to the year.
"Office enquiries remain encouraging moving into 2020. With low levels of grade-A supply, the delivery of the next generation of new-build developments will be well received,” Forum Chairman Jonathan Carmalt said.