Norwich saw availability fall to 4.5% during H1 2019; its lowest level since 2007. Take-up remains at trend levels but the shortage of new floorspace coming forward is taking its toll on occupier choice in the city, particularly for Grade A space.
The first half of 2019 saw the availability of offices in Milton Keynes fall to its lowest rate since 2017. The pace of take-up over the last 12 months reflects the city’s continued status as the UK’s fastest growing economy driven by further productivity improvements associated with the expansion in high growth business sectors.
New PM Boris Johnson used his first speech outside No 10 to deliver an energetic new narrative around the UK economy. Those listening with an interest in Oxfordshire and science and technology will have sat up a number of times, writes Head of Oxford, Richard Todd.
It appears that there is a bewildering gap between the supply and demand of retirement housing. In Bidwells' latest blog, Mike Derbyshire, Head of Planning, explains why it is time to bring policy agenda for senior living housing, out of retirement.
At the end of 2018, Bidwells, together with Estates Gazette (EG), hosted the inaugural Oxford-Cambridge Arc conference, just two years after the initiative was first formally supported by government in the Budget.
The latest offices and labs research conducted by Bidwells found rent levels hitting another new high for the city. Prime office rents rose £3.50 psf in the first half of 2019 to a new peak of £45 psf after the city experienced the busiest six months of letting activity since 2016.