Milton Keynes saw above-average take-up in 2018. Bidwells research shows that, while the overall availability rate in Milton Keynes has drifted upwards over the last three years, demand for high quality space has depleted Grade A stock to an historic low.
Bidwells latest Norfolk and Suffolk Offices and Labs research shows Norwich is feeling the impact of a shortage of high quality office space containing take up. Reflecting the stock shortages, the availability rate has declined for four consecutive years to a near ten year low, while requirements continue to climb.
Bidwells latest Oxfordshire Offices and Labs research shows a step-change in take-up, while pressure on the city's office stock remains driven by accelerating growth in science and tech employment across the market.
In 2017 the National Infrastructure Commission (NIC) published its recommendations for achieving the economic potential of the Oxbridge Growth Corridor. We believe the economic outcomes delivered by the investment and strategic approach may be greater than anticipated.
The Oxbridge Growth Corridor is now a national priority. Linking the highly successful knowledge-based economies of Cambridge and Oxford is a government strategy (NIC 2017) to drive economic growth across this region by policy proposals focussing on transport (road and rail) and 1 million new homes by 2050.
The Varsity Line is a new East-West Rail line between Oxford and Cambridge, which is due to be completed by the year 2030. This rail link is part of a bigger transport and infrastructure initiative underway in the Cambridge-Milton Keynes-Oxford (CaMkOx) corridor.
The CaMkOx vision must tell a new story about the region, building on its strengths and positioning a competitive and compelling brand in the minds of global investors, Bidwells latest CaMkOx research paper argues.
The East West Rail Link, also called the Varsity Line, is the railway route that once linked Oxford and Cambridge. It allowed for quick and easy travel between the two university towns, and also provided easy access to Milton Keynes.
The Oxford to Cambridge Expressway is a proposed dual carriageway set to run between Oxford and Cambridge via Milton Keynes. The objective is to allow for faster travel between these towns. The expressway has the potential to have a big impact on the ‘Golden Triangle’ of London, Oxford and Cambridge.