7 business centers results

The rent for business centres in Oxfordshire is the second-highest in the region, surpassed only by Cambridge. The competition in the region is high as Oxfordshire’s exquisite reputation, talent pool and strong office market draw numerous investors looking for opportunities. Tech and science park are the most popular business centres in Oxfordshire. This is due to the fact that around 50% of total local occupiers work in medical research and development. And tenants continuously search for more tech spaces, while it has already reached 80% of the total take-up in the region. The graduate retention in Oxfordshire is rather high, 63% of residents hold a qualification level of NVQ 4 or above. And thanks to the high quality of life as well as numerous job opportunities, many graduates stay in the county to pursue their career. The prime rent for a business centre in Oxfordshire is expected to grow by 3.4% by the end of 2020. While the take-up rates are also expected to grow even more. And while the county is unable to offer new venues - local business centres need to undergo certain changes, like flexible tenancy, to find a solution.

Oxfordshire boasts a well-developed service-based economy. Knowledge and its application give a stable ground to the future economic development of the county. Luckily, the “Knowledge” is being produced in the county by two major universities: The University of Oxford and Oxford Brookes. And while the region manages to keep the living standards high and the job pool varied and prestigious - the “knowledge” is here to stay. There are other sides of the local economy in Oxfordshire. The local industry is based on two branches: those working with motorsport companies and facilities and the printing companies with Oxford University Press being the largest one. The industry in Oxfordshire works employing advanced equipment with low carbon and green technologies as well as advanced materials and engineering that keep the productions effective and eco-friendly. Last but not least, retail and tourism also make major contributions to the local economy. Even though, the county does not encourage tourism - people are still drawn by the unique atmosphere, architecture and the reputation of the county (especially Oxford). As a result, this popularity has benefited the hospitality sector in Oxfordshire.