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.
