CBRE: Birmingham prime office rents up 5.3% over year to 1Q15.
According to CBRE’s EMEA Rents and Yields Marketview, prime office rents in Birmingham were GBP30 per square foot per annum in 1Q15, or 5.3% more relative to 1Q14. Rents have risen 11.1% from their lows in the wake of the 2008/09 global financial crisis. Prime office yields are 5.50%, down 200 basis points from their highest levels since the crisis.
Source : May 2015/CBRE/Birmingham/OFF