Industrial Databook Oxfordshire - Summer 2022
Activity in the Oxford industrial market remains above trend driven by logistics as well as science and tech. However, there was a lack of larger transactions in H1 due to stock shortages.
Demand for industrial/R&D floor space remains strong at 4.4.m sq ft
The life sciences and technology clusters have intensified in Oxford following the pandemic, accounting for 50% of take up in the Oxford industrial market in H1. Investors and developers are looking to adapt industrial units to meet specialist R&D and manufacturing demands.
Requirements remain high, particularly for the larger units of over 50,000 sq ft. However, a shortage of the larger floorplate stock is limiting take up and constraining occupier options.
Prime industrial rents at £18.00 psf reflect the growing presence of knowledge industry companies attracted to the city.