According to a leading global real estate firm, Cushman & Wakefield, the Birmingham office market is set to boom over the next three years due to increased coworking demand.

Posted by Sabrina Muntean on 20th May 2019 -

According to a leading global real estate firm, Cushman & Wakefield, the Birmingham office market is set to boom over the next three years due to increased coworking demand.

Birmingham has a young population, with over 100,000 graduates living in the city or nearby. Combined with the thriving automotive, medical and financial sectors in the area, this new generation of tenants is driving innovation in the way office space is used and creating sustainable demand from the coworking sector. 

With the rise of digital business models in recent years and the increased demand for flexible working and better wellbeing means the more traditional office spaces are changing and adapting with the new trends.

Cushman & Wakefield estimate that Services Office space in Birmingham will increase from 20,000sq ft to nearer 30,000sq ft in the next three years as more companies embrace the challenge of traditional work space.

On-site gyms and healthy food distributers may be an important factor in the office developments of the future, as well as the need for shared spaces for self-employed workers who are looking for somewhere to concentrate away from home.