West Midlands property sector 'set for boom'

Published:  06 February, 2015

It is set to be a landmark year for commercial property in the West Midlands, according to findings from Barbour ABI, a chosen provider of construction data to the Office for National Statistics (ONS) and the government.

The region currently holds the greatest number of pending projects outside of London for 2015 with over 600,000m2 in the pipeline.

While historically, Yorkshire and the North West have shown greatest regional promise beyond the Capital, the West Midlands now has the same share of national works as the two combined (11%), with developments such as One and Two Chamberlain Square worth £500m and the £200m Beorma Quarter Masterplan.

Although London continues to dominate the UK commercial property market, high costs and low volumes of available space have caused would-be investors to look elsewhere.

Michael Dall, lead economist for Barbour ABI, said: "A shift in regional confidence has acted as a catalyst for regeneration in Birmingham's city centre, which has been further bolstered through spend from overseas and HS2 plans that are working together to solidify its once shaky status as the UK's second city. When both foreign and domestic investment rise in sync with demand, there is a real opportunity for the West Midlands to capitalise and the commercial market looks set to bear fruit imminently."


Sign Up

For the Builders' Merchants News enewsletter.

In the spotlight


Builders Merchants Vacancies – UK Wide

At Arco, we are an industry specific recruitment consultancy, providing sales and managerial staff Nationwide to Merchants, Distributors and Manufacturers of Building Materials within the Construction Sales Sector. Priding ourselves on our unparalleled customer service and hard work, we offer a fresh, innovative and personal approach to recruitment specifically designed to meet our clients’ needs and candidates’ skills.

Guest Blog by Simon Damp

Is DIY a lost art?

As time goes by, the art of do-it-yourself when it comes to activities around the home and garden is fast becoming more and more of a lost art.