A new letting deal in the Birmingham highlights how some professional service occupiers are slashing their floorspace requirements.
The 26-storey tower at 103 Colmore Row landed on the Birmingham office market at a difficult time: post-pandemic, would anyone want 224K SF of new office space?
But the move to develop by Sterling Property Ventures, backed by Tristan Capital Partners, has had the desired result, with the building now close to 80% leased. 
But the latest deal reveals more clearly than ever how professional services firms — the backbone of the Colmore Row office market — are slashing their floorspace requirements.
The signing sees law firm Weightmans opt for…
Source: Birmingham Professionals Cut Floorspace By 50%, But Office Market Says Tis But A Scratch