Holding Our Breath - B4 Article Autumn 2010
B4 Issue 17 - Autumn 2010
The summer actually saw an increase in activity within the commercial property market in Oxfordshire. However, we are all holding our breath to find out the results of the government spending review due out on the 20th October 2010. It is only then that we will really understand how severe public spending cuts will be.
The office market is still characterised by a significant amount of supply and there are still some great offers available to tenants. Office availability remains limited in the city centre.
The industrial market is actually starting to suffer from a lack of supply. There is only limited availability of stock for units below 20,000 sq ft in size. In south Oxfordshire there are several buildings over 200,000 sq ft and these are proving very difficult to relet.
We have recently had a meeting with a client who is looking to undertake some limited speculative development of industrial units but this is very much the exception. We see no signs of any other development in the near future until stock levels reduce significantly.
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