Whether you are starting a new enterprise, expanding or relocating your business, Birmingham is high on many people’s lists when it comes to renting or buying commercial property.
From its central position in England it has massive appeal and demand for offices, shops, industrial and storage units to rent is at a high. Benefitting from strong road and rail links and access to international destinations from the airport, it has continued to flourish since the turn of the century. The development of iconic, premium shopping centres including the opening of Grand Central at New Street Station – home to 250,000 sq ft John Lewis, and work at the Mailbox has attracted further investment in commercial property of all types to suit Britain’s new and flourishing businesses of all sizes.
Voted ‘Best Business Environment in Europe’ in 2008, Birmingham City Council is rightly proud – the city is also ranked in the top three most dynamic European cities when it comes to encouraging entrepreneurship. The council has pledged a commitment to ‘harness the entrepreneurial spirit’ with access to finance, help with recruitment, faster Broadband speed and support for existing businesses.
Post Brexit, business commentators have been largely positive despite the unknowns of life outside the EU. Any pre-Referendum uncertainties have been washed away with Colliers International’s Birmingham Offices Report (August 2016) announcing the busiest activity levels with over half a million sq ft take up for the first half of the year. Demand for office space is high with Grade A headline rents reaching £32.50 per sq ft.
So all the research and reports are indicating that if you are looking for commercial property, Birmingham is a great place to rent shops, offices or storage units for your business.
There’s a wealth of available commercial units to let in and around Birmingham on Boxpod and with demand high, especially for small industrial units, tenants need to act fast. That said, landlords and agents can’t rest on their laurels – tenants are wary of long leases and are looking for flexibility when it comes to renting all types of commercial space. Pop up shops are not just a passing craze.
Click below for a taster of shops, office space, and other commercial property units to let in Birmingham and the West Midlands.
View commercial property to let in Birmingham.
Hansteen has a 2412sq ft industrial workshop in B8 for £231pw
Bruton Knowles has shop/retail units from 794-2474 sq ft in B4 from £231 pw
More shops to let in Birmingham
Vail Williams has a 1559sq ft office unit in B1 (POA)
In B13, Innes England has a shop/retail unit at £481 under offer while Alligator Centre, Yardley is offering industrial/workshop commercial units to rent as well as office premises. (POA – various sizes)
Wolverhampton is being hailed as a “bona fide inward investment hot spot” and has a wealth of retail, industrial and storage units to rent. There are exciting development plans at 6.4 acre Westside site with news of a £55million leisure led mixed use development. Further development and regeneration opportunities can be found in Southside, Canalside, St George’s and Wolverhampton Royal. Ian Mercer, partner at Bruton Knowles, Birmingham office believes Wolverhampton really is a “City of Opportunity” and “Very much open for business”. He added: “This is an exciting time to be involved in the redevelopment and regeneration of Wolverhampton. There is considerable interest being generated from developers and investors who recognise that there has never been a better time to invest in the city.”
Lambert Smith Hampton also announces that headline office rents are holding firm in its latest UK Office Market Pulse, following the ‘Leave’ vote.
Business parks and innovation centres, start up hubs and the wealth of business support and advice which is readily available are all boosting the wave of entrepreneurs and start ups.
In recent months, Boxpod director Jon Maynard has seen demand for small industrial units to let outstrip supply. Small workspace to rent – units of 500+sq ft – in and around Birmingham are highly sought after and tenants are looking for flexible leases too.
Industrial units to let in Birmingham
Investors are also turning their attentions on Birmingham. The city was in sixth place when it comes to investing in property (commercial and residential). Companies are moving their businesses to Birmingham thanks to its relative cheapness in comparison to London for both employers and employees.
Business owners, big and small, and property investors are all seeing the great potential in Birmingham whether it’s for shops, offices, storage units, garages or industrial units to let or buy.
Contact us today to advertise your commercial property or if you are looking for commercial property to rent in the Birmingham area.