This is thanks to the appeal of easy-access motorway locations. such as the M42 corridor, where typical rental figures of £19 per sq ft are being achieved.
Smaller office schemes – some of them based on a courtyard-style development along the motorway corridors of the West Midlands are also becoming increasing popular.
Further evidence of strong demand comes from nearby Birmingham Business Park, where Wagon plc has signed up for 9,000 sq ft of A grade office space on the first floor of Building 3500, Parkside. The space was let at £18 per sq ft by joint agents KWB acting on behalf of clients of Insight Investments.