Birmingham commercial property agents, KWB, have completed three Solihull office space deals around Junction 4 of the M42, underscoring the ongoing strength of the M42 corridor and Solihull office market.
KWB’s office agency team let 3,300 sq ft of Solihull office space at Avon House, Stratford Road, Shirley to Towergate Insurance on a new 10-year lease, at a quoting rent of £18.50 per sq ft.
Pension actuaries, Atkins Trustees has taken 3,100 sq ft of office space at Nelson House on Blythe Valley Business Park, Solihull on a new five-year lease, at a rent of £21.50 per sq ft.
In Hockley Heath, tyre manufacturer, Continental UK has taken a new 10-year lease, at a quoting rent of £15.50 per sq ft, on 3,740 sq ft of office space at 4 Hockley Court, 2401 Stratford Road.
KWB Director, Mark Robinson said: “Due to its diverse range of occupiers, and a broad offering of high quality office space in both business parks and town centres, the Solihull office market is relatively unaffected by economic uncertainty.
“Connectivity continues to be a huge selling point for occupiers of Solihull office space, with the M42, airport and two rail lines to London all supplying excellent access.”
KWB is the most active office agent in Solihull and the M42 corridor, securing more than 60% of sales and lettings in 2016.
With high quality, well-located Solihull office space being in such demand and short supply, KWB recommends that any companies with upcoming lease events, planned expansions or relocations should consider their property situation well in advance to avoid disappointment. As such, they should contact KWB’s office agency for advice on potential options as soon as possible, and ideally 18 months prior to a lease event.