The Birmingham Office Market Forum has launched its fourth map detailing the city’s commercial office market with a pledge to work more closely with the work of Business Birmingham.
The new map, which is produced alongside data company CoStar Group, provides an update on market activity in the city over the past 12 months as well as providing an overview of the range and quality of Birmingham’s office stock.
The launch event at Opus also saw Drivers Jonas Deloitte’s Philippa Pickavance hand over the chairmanship of BOMF to Jones Lang Lasalle’s Jan Thompson who paid tribute to his predecessor for steering the group through the challenging economic period.
He said: “I would like to thank Philippa for the great work that she has undertaken and the strong foundation that has been laid over what have been two extremely challenging years.
"Throughout the last year we have seen the beginnings of a recovery in the Birmingham office market, set against a backdrop that has seen many cities, including Birmingham report a sharp drop-off in rents.
“Much of this is a testament to the city’s outstanding level of high-quality and diverse office stock which includes iconic developments such as The Cube, Baskerville House and One Snowhill.
"There are also a number of extremely exciting developments already in the pipeline, including Two Snowhill, and I am looking forward to seeing them come to fruition and further enhance the city’s reputation as a centre for outstanding office property.”
On handing over to Mr Thompson, Ms Pickavance announced a new partnership with Business Birmingham – the inward investment arm of Marketing Birmingham – which she said could only be good for the city.
She said: “I am delighted that the forum has joined Marketing Birmingham as an Associate Member this year so we can move forwards with them to provide consistent property detail and wider assistance for relocating companies.
"We have long wanted the city to have one business voice and working with Business Birmingham has moved us closer to achieving that aim.”
Neil Rami, chief executive of Marketing Birmingham, who spoke at the event, added: “Business Birmingham has been working to raise the city’s international visibility and promote an understanding of its sectoral strengths, market and opportunities with potential investors globally over the last six months.
“Over the coming months our investment programme will promote the city’s unique proposition and work with the business community to develop the support services needed to help investors quickly locate and grow here.
"Working with UKTI as well as sales agents and intermediaries across global markets, we will build investor recognition of Birmingham as a place to do business and ensure the city is on the location lists of those looking for a European hub.”
Wouter Schuitemaker, newly appointed investment director at Business Birmingham, praised the work of BOMF and the possibilities it presented.
He said: “I was very encouraged by what BOMF represents. I come from a background in London where agents don’t really talk to each other, in fact they would probably knife each other in the back at the earliest opportunity.
"It is a significant advantage to have that joined up message to investors. It just makes sense to see city working towards joined up goals.”