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Birmingham Crane Survey 2020
Carry on building
Birmingham saw 11 major new developments commencing within the city centre in 2019. Whilst there is evidently a huge amount of construction activity ongoing around the city this figure is significantly below the two previous years. Most of these new starts are large scale residential schemes and four are offices. Only time will determine whether 2019 was just a blip in development activity or something more permanent. Developers however were not deterred and throughout the year they carried on building.
Key findings
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New development starts drop by 50 per cent from 23 to 11 in 12 months -
Office space completions reach an all-time high, delivering 775,000 sq ft -
City centre residential sector maintains record levels with over 5,000 units under construction
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Office development surpasses 1 million sq ft for fourth consecutive year.
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
