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.
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.
Offices and labs take up in Oxford and Cambridge has averaged 1 million sq ft per annum over the past three years, with almost 75% of this occupied by knowledge-based companies, finds Bidwells Research Director Sue Foxley.
Bidwells launches its latest Our View on Offices and Labs research. The expansion of the Oxford-Milton Keynes-Cambridge Corridor occupier base continues in defiance of the backdrop of economic and political uncertainty. Download our research here
In 2018, Milton Keynes Council announced that Cranfield University had been selected as the lead partner in the delivery of MK:U – a new, tech-based university to be delivered in conjunction with educational, technology and industrial partners including Microsoft, Grant Thornton, Tech Mahindra and Milton Keynes College.