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Steadily rising value of output obtained by contractors in the West Midlands:
ÌýÌýAll work (£m)
2003Q21,939
ÌýQ32,080
ÌýQ42,166
2004Q12,157
ÌýQ22,199
ÌýQ32,248
ÌýQ42,225
2005Q12,144
ÌýQ22,230
Source: RICS
Birmingham office take-up in first half of 2005
ÌýGrade AGrade BÌý
Take-up city centre98,000 sq ft144,000 sq ft242,000 sq ft
10-year average266,000 sq ft318,000 sq ft584,000 sq ft
Availability city centre145,000 sq ft780,000 sq ft925,000 sq ft
10-year average420,900 sq ft702,000 sq ft1,122,900 sq ft
Office take-up in central Birmingham was subdued in the first half of 2005, at around 242,000 sq ft, according to CB Richard Ellis. This compares to a ten-year average of 584,000 sq ft. CBRE put this down to a shortage of new build stock in the city centre.
Source: CB Richard Ellis