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.
Oxford and Cambridge’s knowledge economies are both global successes, but their economic growth stories are now at critical junctures. The city’s constrained centres are pushing prime rents up to new highs at a time when their world-leading science and tech occupiers are demanding urban environments and easy access to London.
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.