Redefining our place Birmingham Crane Survey 2019 February 2019
Contents
Contents 01 The report 02 Key findings 03 Development snapshot 04 1. Office 05 2. Hotel, retail and leisure 08 3. Residential 10 4. Student accommodation, education, health and research 13 5. Outlook 15 6. Development table 18 7. Contacts 23 Endnotes and abbreviations 24 Redefining our place| Birmingham Crane Survey 2019
The report
What? A report that measures the volume of development taking place across Birmingham City Centre, and its impact. Property types include office, retail, leisure, residential, student accommodation, education and hotels.
Where? Birmingham City Centre encompassing those areas largely within the outer ring road including parts of Eastside, Westside, Southside, Digbeth, Jewellery Quarter, and Gun Quarter.
Who? Developers building new schemes or undertaking significant refurbishment of the following: Size minimum = office – 10,000 sq ft, retail – 10,000 sq ft, residential – 25 units, education, leisure and hotel schemes – significant schemes for inclusion.
When? The report covers the period from January 2018 to December 2018. Our research for this report was undertaken in Q4 2018.
How? Our Real Estate team in Birmingham have monitored construction activity across the City Centre. Our field research is then verified with direct industry links and in-house property experts.
02 Redefining our place| Birmingham Crane Survey 2019
Key findings
23 new starts, one less New office starts are at than in 2017, however their lowest since 2014; well above the long however 2019 is set to term average. be a record-breaking year for office completions.
Student accommodation Development pipeline construction volume has continues to grow with surged to it its highest 72 new starts over ever level, with the last three years. 2,667 bedspaces currently under construction.
1,262 Student 2018 has seen the accommodation most residential units bedspaces completed completed since 2008, in 2018; the most and a total of 5,065 units since 2010. 1,209 are currently under expected to complete construction is the in 2019 with another highest in the history of the 1,458 in 2020. Birmingham Crane Survey.
03 Redefining our place| Birmingham Crane Survey 2019
Development snapshot