OUR VIEW ON

OXFORDSHIRE OFFICES

AUTUMN 2017

 

Oxford’s digital economy accounts for 13.4% of the city’s output

Oxford’s Digital Tech economy is estimated to contribute £1.1bn towards the overall output of the city, employing almost 26,400 workers.

The latest Tech City UK report estimates that Digital Tech output in Oxford has grown by 43% between 2011-15. This has contributed to make Oxford the fifth largest, and one of the most dynamic, Digital Tech economies in the UK.

 

Oxford University identified as the most prolific university innovator in Europe

Oxford University Innovation (OUI), the university’s research commercialisation company launched 24 companies in 2016, attracting a combined total of £52.5m early stage funding.

The 2016 launches were more than double the number of companies launched by the incubator company in the previous year.

 

Oxford Science Innovation raises additional capital

Oxford Science Innovation (OSI) is the investment partner to OUI, providing capital and expertise to the new research ideas launched by the University.

In 2016, OSI raised additional capital from Asian investors, pushing the overall fund value to £580m.

The science investment fund has investments in more than 35 companies.

 

CPPIB purchases 50% share of Milton Park, Abingdon

Canada Pension Plan Investment Board have purchased a 50% stake in Milton Park, Abingdon from Hermes Investment Management for £200m.

The transaction represents the second largest office transaction outside of London this year.

The park is 250 acres and already offers 2.5m sq ft of accommodation, with a further 83,000 sq ft of speculatively built office and lab space due to complete in late 2017.

 

the facts

Highest half year take up on record in h1 2017, with 225,000 sq ft of activity

Demand increases by 74% to 771,900 sq ft, driven by larger requirements

72.6%

Amount of H1 2017 take up by the "knowledge" based business in Oxfordshire

 

 

 

 

 

Supply remains relatively stable at 544,500 sq ft but grade A supply down 48% to 81,700 sq ft

Secondary rents rise by 9.5% over the past 12 months on the back of increased demand and take up

£30 sqft

Prime rents move to new high in h1 2017

 

 

 

 

 

OXFORD Office

Largest transaction in h1 2017 was Oxford Nanopore’s purchase of 55,700 sq ft Danby House at Oxford Science Park

Oxford 2

Information relates to h1 2017

 

 

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