John Griffiths from property consultants GBR Phoenix Beard, chairman of BOMF
, said it was encouraging.
BOMF predicts that the shortage will be triggered by a number of coinciding lease expiries and break events, leaving exceedingly limited capacity for those businesses looking to move in 2014-16.
This lead-in will have a definite impact on the immediate decision-making process for major occupiers, according to BOMF.
The map, which is part of an ongoing initiative by BOMF
, provides an essential update on office market activity that has taken place throughout the previous year, as well as giving 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.
Wouter Schuitemaker, newly appointed investment director at Business Birmingham, praised the work of BOMF and the possibilities it presented.