Nick Wint sums up the optimism in the Midlands about Birmingham as a business centre but also the prospects for the whole region.
Here is a region at the heart of the Victorian industrial revolution that is rediscovering its roots as a manufacturing base, particularly for the motor industry. This has taken many people by surprise, as has the rapid recovery of the UK economy.
Indeed, it has startled many foreign and UK commentators but it sets an optimistic scene for investors, whether it be foreign capital coming in to boost manufacturing or buying commercial property. In the case of the Midlands, Chinese investment is now coming at a time when UK institutional investors have got their appetite back for property.
While this is excellent for Birmingham, it is noticeable that other cities are doing well, particularly Nottingham. There also appears to be a revival in the M42 market with increased activity.
The missing ingredient during the harsh period of recession has returned - namely confidence. Young people believe once again they can start high tech companies and established businesses can see a reason for buying machinery and taking on new property.
Sadly, the recession has also meant a shortage of prime space, both offices and industrial, and the question is whether this will badly inhibit economic growth.
The testing time will probably come in a year’s time in the period leading up to the election.