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Birmingham, England, United Kingdom

Metropolitan Area Economic Overview
Calculations for all indices were provided by SRC, LLC

Market Research provided by NAI Global - United Kingdom
Last Updated: 28-Mar-2008		 Market Overview
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Market Research

* Click on each category for a detailed definition.
NET RENT/SF/YEAR NET RENT/SF/YEAR
Low High Effective Avg. Low High Effective Avg. Vacancy Investment Yield
City Centre Office
New Construction (AAA) £ 30.00 £ 32.50 N/A $ 61.13 $ 66.23 N/A N/A N/A
Class A (Prime) £ 22.50 £ 27.50 N/A $ 45.85 $ 56.04 N/A N/A N/A
Class B (Secondary) £ 15.00 £ 25.00 N/A $ 30.57 $ 50.95 N/A N/A N/A
 
Suburban Office
New Construction (AAA) £ 25.00 £ 27.50 N/A $ 50.95 $ 56.04 N/A N/A N/A
Class A (Prime) £ 10.00 £ 22.00 N/A $ 20.38 $ 44.83 N/A N/A N/A
Class B (Secondary) £ 5.00 £ 10.00 N/A $ 10.19 $ 20.38 N/A N/A N/A
 
Industrial
Bulk Warehouse £ 5.75 £ 5.95 N/A $ 11.72 $ 12.12 N/A N/A N/A
Manufacturing £ 4.00 £ 5.50 N/A $ 8.15 $ 11.21 N/A N/A N/A
High Tech / R&D £ 6.50 £ 8.00 N/A $ 13.25 $ 16.30 N/A N/A N/A
 
Retail
City Centre £ 165.00 £ 325.00 N/A $ 336.24 $ 662.29 N/A N/A N/A
Neighborhood Service Centers £ 50.00 £ 120.00 N/A $ 101.89 $ 244.54 N/A N/A N/A
Community Power Center £ 80.00 £ 150.00 N/A $ 163.02 $ 305.67 N/A N/A N/A
Regional Malls £ 125.00 £ 210.00 N/A $ 254.73 $ 427.94 N/A N/A N/A
Solus Food Stores N/A N/A N/A N/A N/A N/A N/A N/A

Development Land Low/Acre High/Acre Low/Acre High/Acre
Office in CBD (per acre) £ 600,000.00 £ 1,000,000.00 $ 1,222,680.00 $ 2,037,800.00
Land in Office Parks £ 350,000.00 £ 750,000.00 $ 713,230.00 $ 1,528,350.00
Land in Industrial Parks £ 250,000.00 £ 600,000.00 $ 509,450.00 $ 1,222,680.00
Office/Industrial Land - Non-park £ 250,000.00 £ 500,000.00 $ 509,450.00 $ 1,018,900.00
Retail/Commercial Land £ 500,000.00 £ 1,500,000.00 $ 1,018,900.00 $ 3,056,700.00
Residential £ 600,000.00 £ 2,000,000.00 $ 1,222,680.00 $ 4,075,600.00

Conversion 0.49£ = 1 US$


 

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