Oxford city office stock remains driven by accelerating growth in science and tech
The last two years have seen a step change in the take-up of office space in Oxford, with lettings reaching over 430,000 sq ft in 2018. While the availability rate has edged up slightly with the delivery of much needed new space, the pressure on the city’s office stock remains driven by the accelerating growth in science and tech employment across the market.
The depth of demand continues to propel rental growth. Prime rents rose by 9.4% over the last twelve months to reach a new high with a further uplift expected in 2019.
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increase in prime rents in Oxford over the past 4 years
Proportion of supply out of town
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