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Birmingham Post
Birmingham Post
Business
Tamlyn Jones

Small business boost for Sutton property market

A trio of lettings to small businesses has been secured in north Birmingham.

Healthcare company Nexus has agreed a five-year lease on 1,600 sq ft of office space at Mitre Court in Sutton Coldfield while law firm Bell Lax has agreed a deal on 2,000 sq ft at Emmanuel Court, Lichfield Road.

It has relocated from Birmingham Road on a five-year lease.

Security company Rancom has also agreed a five-year lease on 2,000 sq ft of office space at Gate Lane in Boldmere, relocating from Emmanuel Court in Sutton town centre.

Steve Hannaford is a surveyor with Sutton Coldfield-based property consultancy Burley Browne which agreed the deals.

He said: "It's been very heartening to see companies investing for the future, relocating to larger offices and committing to new leases despite the economic turmoil caused by the pandemic.

"It demonstrates that they have confidence in the outlook for business and that Sutton Coldfield is a great location.

"The market is quite competitive for office space in the range of 1,500 sq ft to 2,000 sq ft.

"There appears to be a shortage across the area so when they come to market they are snapped up quite quickly.

"Sentiment remains positive and there was definitely an uptick in activity after the Pfizer vaccine announcement.

"After the first lockdown, we had been expecting to see some companies downsizing to smaller offices but that hasn't materialised."

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