Activity continued throughout lockdown in Cambridge and 145,000 sq ft of space was under offer at the end of H1. Robust demand from SMEs in particular is expected to drive an increased pace of take-up in H2.
Covid 19 has forced us all to reconsider our view of the world. But I can report that my view of the strategic planning world hasn’t altered. I’m still in no doubt that sweeping changes are necessary. More than ever, the planning system needs leadership on the big issues.
The Oxford-Cambrdge Arc has established a critical mass which is gaining momentum, with the core science, technology and engineering locations of Oxford, Cambridge and Milton Keynes reinvigorating the wider region. These three local economies have been very important in determining the success of the Arc over the past five years.
Bidwells has released its Spring 2020 M1 South industrial research which reveals that the Milton Keynes and Northampton industrial market saw close to 3m sq ft of take-up in 2019, well ahead of the long run average.
Bidwells has released its Spring 2020 Oxfordshire industrial research which reveals that 2019 ended the year with 20% of all available stock across the market under offer, after 12 months of limited supply curtailing take up.
Slow, overly-politicised and outdated are four words that neatly sum-up the UK’s petrified planning system. Mike Derbyshire, Head of Planning at Bidwells highlights some way the UK planning system can change in the future.
MHCLG Minister Robert Jenrick announced yesterday [NH1] he is forcing South Oxfordshire District Council (DODC) to adopt its Local Plan by December 2020 - or face the consequences. Nigel Hawkey, Planning Partner in Bidwells’ Oxford office, looks at the implications.