Report catalogues Solihull's office market spanning six years

A new report cataloguing six years of the Solihull and M42 office market has been published by KWB, leading independent commercial property specialists.

The report contains a variety of advice for investors, developers and landlords on this area 's office market, both as things open up again and for the years to come.

The report follows hot on the heels of an interview by Greater Birmingham Chamber of Commerce 's CEO, Henrietta Brealey with KWB 's director, John Bryce and head of Office Agency, Malcolm Jones.

The Q&A, in which they discussed the office market in Birmingham and Solihull, is available to watch here

Every quarter, KWB publishes its office market research into Birmingham and Solihull, examining the transaction figures for office lettings and sales to owner-occupiers.

With this report, KWB has used its research spanning a six-year period from 2015 to 2020 to assess the long-term trends of this market, including Greater Birmingham 's popular out-of-town office locations, occupier behaviours and sectoral analysis.

John Bryce, director of KWB, said: “The Solihull commercial property market has shown remarkable resilience over the past decade, at times defying downward trends of the wider office market and the economy at large. This makes it an excellent investment opportunity for developers and those wanting to put their capital into commercial property.

“The statistics show that the area routinely achieves a sustainable level of annual office take-up of around 320,000 sq ft. This report demonstrates that, despite 2020, Solihull and the M42 corridor still hold the same potential they 've demonstrated in previous years. ”

Just some of the findings and advice covered in the report includes:

• An evaluation of the market 's consistency and why it proves people shouldn 't be concerned by a quiet marketplace in 2020.
• The sweet spots in size of take-up, providing great insight for those investors and developers into size of space to buy, market or build.
• In-depth business sector analysis showing the sectors to consider catering for and marketing towards.

John (pictured) added: “We 've included a range of information indicating what 's likely to happen this year as the lockdown eases and companies return to their offices. It 's going to be less 'me space ' and more 'we space '.

“You 'll also discover, we haven 't seen occupiers leaving offices en masse - far from it. However, we do expect to see some businesses reducing their office footprint. And this will create welcome opportunities for occupiers that have been seeking space in the area for a long time. ”

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