May 2020
Market Snapshot – Commercial Property for Sale Birmingham
- The Birmingham Market is the second most populous metropolitan area in the UK behind London
- The commercial property for sale fundamentals for retail have been weakening for the last couple of years across the UK due to store closures and shift of consumer spending to online
- The market is home to almost 3 million people and contains around 64 million square foot of retail space
Key Indicators
Leasing – Commercial Property for Rent Birmingham
- Retail picture in Birmingham is a mixed bag, highlighting a polarisation between better-performing, well-located retail parks, shopping centres and high streets and those more impacted by the rise of internet shopping
- The market has experience closures and CVAs as the rest of the UK
- Certain types of retailers have been resilient in this market, such as Primark and B&Q
Vacancy Rate
Rent Analysis – Commercial Real Estate for Rent Near Me Birmingham
- The average retail rent in Birmingham has been falling in recent quarters but has varied greatly across the different retail subsectors and locations
- With the closures mentioned above and the rate of new openings, the pace of backfilling empty space is slower than closures
- The highest asking rents are in Central Birmingham and in prime shopping centres such as Grand Central and Merry Hill
- Retail parks tend to command lower rents
Market Rent Growth (YOY)
Sales Analysis – Commercial Real Estate Birmingham
- Investment volumes were low when not considering the significant transaction of the Mailbox. When considering the Mailbox transaction, volumes appeared to pick up during the last few weeks of 2019.
Sales Overview Past 12 Months
Sales Comparables
Commercial Property for Sale Near Me Birmingham
Source: CoStar
Disclaimer: The information Blue Alpine supplies is for educational purposes only, to provide investors with an overview of information regarding investing in UK commercial and residential property. This information is not to be treated as advice; it is to be used as a reference point to further conduct your own research. Assumptions made in the analysis are not reflective of the position of any entity other than Blue Alpine’s – and, since we are critically-thinking human beings, these views are always subject to change, revision, and rethinking at any time. Please do not hold us to them in perpetuity. The authors and Blue Alpine are not to be held responsible for misuse, reuse, recycled and cited and/or uncited copies of content within this article by others.
