p
Download the report
Birmingham Crane Survey 2021
Staying on track
Development activity continues across Birmingham city centre with great anticipation as we all look forward to hosting the Commonwealth Games in July next year. Beyond that, the arrival of HS2 and the first brand new intercity terminus station built in Britain for over 100 years, means Birmingham is continuing to attract national and international interest. Developers are continuing to push forward with new schemes and the pipeline is strong despite the pandemic.
Key findings
-
Pre-letting of offices remains strong with 51% of space currently under construction pre-let. -
Residential development continues to thrive with a record 2,072 units completed. 20 schemes currently under construction, including four new starts.
-
A record year for student accommodation with 1,458 beds completed - the highest recorded since the Birmingham Crane Survey started.
-
2020 saw 34 schemes under construction compared to 41 the previous year. -
The amount of office space under construction fell for the fifth consecutive year. Completion of just over 210,000 sq ft in 2020.
-
One new hotel was started in 2020 and 224 rooms completed.
Key contacts
Edwin Bray
Partner
+44 (0)12 1695 5636
Edwin is a Partner within our Financial Advisory Real Estate business with over 25 years’ commercial property experience.
Recommendations
REflexions 10
