Flex space UK Research | 24 Birmingham Market overview


Birmingham is a relatively mature market with a substantial stock of flex workspace. Over 700,000 sq ft of space is occupied by flex operators, comprising 4.2% of total built stock. Most major national operators have a presence in Birmingham and there continues to be a steady flow of new deals to flex space operators.


The standout deal of 2018 was Birmingham City University taking 118,240 sq ft at Belmont Works, Eastside for flexible workspace for the STEM2


sectors. In addition, BE Offices


took their first premises in the city at Somerset House in 2018, which follows Spaces committing to a total of 109,293 sq ft at The Crossway and The Lewis Building in 2017.


Much of the recent flex space take-up has been driven by HS2-related occupiers but demand for flex space is from a broad range of businesses spanning established professional firms through to digital and creative start-ups.


Flex take-up, 2014-18


100 150 200 250


50 0 2014 Source: JLL 2015 2016 2017  Birmingham flex take-up 1Relates to office-based proxy sectors 2018 Source: JLL


Numbers employed in technology


(Primary Urban Area) 27,000 Self employed1 (Primary Urban Area) 48,400


Key flex transactions 2017-2019 Operator


Birmingham City University


Spaces BE Offices iHub Spaces Address


Belmont Works, Eastside


The Crossway, Great Charles Street


Somerset House, Temple Street


2-6 Colmore Row


The Lewis Building, Bull Street


Size, sq ft 118,240


76,000 38,162


36,756 33,293


Largest operators Operator


Regus / Spaces


Birmingham City University


Instant Offices Landmark BE Offices


Source: JLL


Average flex operator size


26,800 sq ft


Flex share of office stock


4.2%


Space occupied, sq ft No. of locations 222,701 118,240


6 1


70,227 51,913 38,162


4 2 1


Demographics (Primary Urban Area)


Population 2.6 million


Flex market


Flex office stock 732,000 sq ft


Sq ſt thousands


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