Birmingham: Delivering transformation


29 March 2018, by Savills Research

Public and private investment combined with a growing economy is opening up new opportunities for development in Birmingham’s city centre and beyond

Summary

■ Investment in local and national infrastructure, particularly the Metro network, is opening up new areas of the city for development. Construction activity across all sectors is at its highest level since 2008

Summary

■ Investment in local and national infrastructure, particularly the Metro network, is opening up new areas of the city for development. Construction activity across all sectors is at its highest level since 2008

■ The relocation of major employers to the city is driving high levels of office take-up. City centre take-up reached 1,005,000 sq ft during 2017, 51% above the 10-year average.

■ Residential development in the city centre has been supported by price growth, making complex regeneration schemes viable. New players are entering the market, including Build to Rent providers and housing associations.

■ Beyond the city centre, there is competing demand for land, both for residential and industrial development. Well connected logistics property is outperforming the national average.

■ Although volumes of residential development have picked up, there is still a shortage of delivery against housing need. There is a particular need for more three- and four-bedroom family housing.

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