Oxford City Centre Remains The Top Choice For Office Locations - B4 Article
B4 Magazine Article Issue 20 Autumn 2011
In the first six months of 2011 we have recorded a total of approximately 61,000 sq ft of office transactions. Approximately 50% of these have been in Oxford City Centre which still proves the strong influence of the University of Oxford. We have previously mentioned the attractive rental offers available at ring road locations but this is in stark contrast to the competitive terms achieved for city centre offices. We have recently completed the sale of Ebor House comprising 10,000 sq ft on behalf of Oxford City Council. We achieved considerably in excess of the quoting price of £2.3million having received eight bids for this property.
Within the industrial market we are likely to see the first speculative development return to the market later this year. Our clients Glenmore acquired a site of 1.8 acres at Langford Locks in Kidlington earlier this year and have just submitted a planning application for a range of office and business units from 1,000 sq ft upwards. We are confident that a quality product in this accessible location will be very appealing.
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