Birmingham Professionals Cut Floorspace By 50%, But Office Market Says Tis But A Scratch

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 ?
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