Oxford office demand reached a record high in 2019, shrugging off economic and political uncertainty. Bidwells' latest research reveals a fall in the Oxford office availability rate to 7% and 1.1 million sq ft of requirements, pushing prime rents to a new record high.
Oxford faces a record level of 1.1 million sq ft of office space requirements going into the new decade. Despite a challenging year from a wider economic and political front, the market saw take-up pick up towards the year end, comforted by greater certainty.
The early days of the general election campaign saw several overdue announcements in support of science and technology research. But places like Cambridge and Oxford played a bit part in the national debate...
The new Agriculture Bill was published by the Government on the 16th January 2020.
The Bill will change public support for Agriculture and rural land use in the most fundamental way since the UK joined the EEC in 1973. These changes will have a significant impact on most farming businesses and could lead to significant structural changes in some sectors.
The Government has recently launched the Woodland Carbon Guarantee (WCaG) to support the creation of woodland in England. This represents an important step in government policy by moving towards schemes that are directly aimed at mitigating the effects of climate change and promoting holistic land management strategies. We can expect that such an approach towards land management will become the norm in a post-Brexit era.
Combined office and laboratory take-up exceeded 0.8 million sq ft in 2019, the highest total since the record highs recorded in 2014/15 when AstraZeneca agreed its new global HQ and R&D centre space adjacent to Addenbrookes hospital on Cambridge Science Park.
Bidwells has released its Spring 2020 Cambridgeshire offices and laboratories research, which shows a strong year for the city, with take-up well ahead of ten year average at 0.8m sq ft - the highest total since the record highs recorded in 2014/15.
Almost 25% of the UK’s population is over 65 and by 2050, this proportion will have grown to an estimated 37%. While we have ambitious carbon neutral targets for this date, the planning for the care and housing of over a third of the population remains an area short in policy detail. Is this a tenable position for the new government who received votes from an estimated 60% of the UK’s over 65 population?