Best Q2 for Solihull office market since 2019- report

The Solihull office market enjoyed the best Q2 since 2019, according to research by commercial property specialists KWB.

Total take up was 40,913 sq ft across 10 transactions, with six deals taking place at Junction 6 of the M42, including four at Birmingham Business Park.

The largest letting of the quarter was to fleet management specialist Holman, which took 15,896 sq ft at 4020 Lakeside situated on Birmingham Business Park to support its new seven-year contract with BT.

The second largest letting saw housebuilder Avant Homes relocate to a 6,983 sq ft space at Wingfield Court in Coleshill, having previously been in Regus serviced offices.

Mobile asset and fleet management solutions provide Mix Telematics signed up for 1,874 sq ft at 6170 Knights Court, also at Birmingham Business Park.

A total of 228,000 sq ft of refurbished Grade A office space is also currently on the market across four properties: 70,000 sq ft at AIR in Solihull; 61,000 sq ft at Portland House at the NEC / Birmingham Airport; 60,000 sq ft at One Central Boulevard on Blythe Valley Park and 37,000 sq ft at Blake House on Eagle Court Business Park.

Even healthier future quarters are expected for the Solihull office market as more space becomes available.

Malcolm Jones, head of office agency at KWB, said: “It's excellent to see nearly 230,000 sq ft of refurbished space come to market there's more to come.

“We expect to see a strong response to these refurbished buildings and those in the pipeline, as larger occupiers have some choice again when looking to relocate and enhance their ESG credentials.

“There is a lack of smaller offices below 3,500 sq ft, giving landlords a real opportunity to refurbish and reposition their vacant buildings to deliver high quality suites.”

To see KWB's full M42 and Solihull Q2 results please click here.

For more details or to discuss office space requirements, please contact Malcolm Jones: mjones@kwboffice.com / 0121 233 2330.