‘Two-tier market emerging’ in Birmingham’s flexible office sector – report

A two-tier market is emerging in Birmingham’s flexible office sector, according to newly published research.
The latest Flex Market Update report shows a gulf in occupier levels between higher priced, best-in-class space in the city, which is 85 per cent to 100 per cent full, compared to no-frills operations with fewer amenities where voids are between 35 per cent and 55 per cent.
The gap is also reflected in rents, with entry level costs now at £100 per sq ft compared to top rates of £155 per sq ft, according to the research from property agency CBRE.
According to Dan White, the firm’s head of flexible in the …