According to research of 32 regional markets by Lambert Smith Hampton, Birmingham has the most buildings in the right location with suitable layouts and residential demand to be turned into homes. Ian Leather, regional director of office agency at LSH, said: "In the last 20 years, the amount of allocated space per person in an average UK office has halved. Put simply, obsolete office space is a drag on our market and offering investors and developers little or no value. However, the return from converting to residential accommodation is far greater and is an obvious step for any investor or developer."
The
Birmingham Post, Page: 30
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