Demand for industrial space in Oxfordshire has reached record levels and there has been a significant increase of supply.
Oxford showed a 27 per cent higher take-up compared to 2019. As a result of this demand, rents have reached a high of £15 per square foot.
Despite lockdown and Brexit, the market has thrived, mainly due to the growth of online retailing and a strong take-up from the science and tech sectors, said property consultant Bidwells.
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Supply has increased to meet the record levels.
Two new units have been created at Didcot Quarter.
Work also began on the National Space Propulsion Test Facility at Westcott Venture Park in Buckinghamshire. The centre will enable UK companies and academics to test space propulsion engines which will aid the growth of Oxfordshire's space industry.
The Native Antigen Company has agreed to lease a research and development and manufacturing building at the Oxford Technology Park set to be completed this summer.
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The electric commercial vehicle manufacturer Arrival Automotive have taken the final unit at Link 9 Bicester where they already occupy two units.
And planning permission for a new space at Didcot’s Harwell Campus was granted in February and should be completed early next year.
The most significant industrial letting last year was at 170 Brook Drive, Milton Park.
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