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CoStar Analysis: Where in the Big Six offers the biggest refurbishment upside?

The premium for high-quality, 4 & 5 Star space is highest in Leeds and lowest in Bristol, according to CoStar’s data
Rent spreads by building quality in the Big Six
Rent spreads by building quality in the Big Six
By Erin Amon
CoStar Analytics
July 31, 2019 | 11:34 AM

CoStar’s building-level, same-store average rent series allows for analysis by building quality across all office markets and submarkets. Comparing the 3 Star (or Grade B) average rent series to the 4 & 5 Star (or Grade A) average rent series in the Bix Six markets reveals that higher quality, 4 & 5 Star space in the Leeds, Manchester and Birmingham markets commands a rent premium of more than 60% over secondary, 3 Star space.

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