focus on oxford Built and natural environment:


• The city’s heritage and natural environmental will be protected


• Oxford will be an affordable place to live • Oxford will be a clean and accessible city Work and learning: • Oxford will have full employment


• The city will be a global centre for the knowledge-based economy


• All Oxford residents will benefit from the economy


Transport and connectivity:


• Oxford will be better connected to the region and nationally


• People will be able to move around the city easily in non-polluting ways


• Streets will prioritise pedestrians and cyclists


People and communities:


• People will be able to live fulfilled, happy and healthy lives


• Oxford’s diverse communities will have a strong sense of togetherness


• Deprivation and inequality will have been reduced across Oxford


Culture and leisure:


• Oxford will have world-class cultural and leisure facilities


• The cultural and leisure offer will reflect the city’s diverse communities


• Oxford’s public realm will encourage active lifestyles


Clouds over those ‘dreaming spires’ . . .


Housing needs


Despite being a very prosperous community, more than 20% of Oxford adults have no or low qualifications and the city has several deprived neighbourhoods.


Scarcity of land within the city’s administrative boundary, green belt and flood plain issues plus Oxford’s historic ‘dreaming spires’ and desirable natural environment, all combine to constrain new inner-city housing and business development.


Demand means affordability is also a major issue – Oxford City Council has its own housing company, and 3,300 households on its social housing waiting list. The council’s draft Local Plan 2036


proposes allowing land-owning employers to develop key worker housing.


Research by city planners into housing land availability suggests the city footprint can only accommodate around 7,500 additional homes; 15,000 homes will need to be built outside the city by 2031.


That significant unmet housing need results in commuting concerns – 46,000 people currently commute into Oxford for work. This is partly resolved by a network of Park&Ride facilities surrounding the city, which brings unavoidable city centre bus traffic.


Office and industrial premises


“Oxford has one of the most supply- starved office and industrial property markets in the UK,” says real estate analyst Chris Johns of CoStar Group UK.


“Due to strict planning restrictions in the city centre, almost all new development has been located in science and business parks around the periphery in recent decades. New schemes tend to be taken up very quickly, generally through pre-let.”


Continued overleaf ...


DEALMAKER AWARDS 2018 OFFICE - OCCUPATIONAL SALES & LETTINGS 2017 WINNER:


OFFICE DEALMAKER VSL & Partners Carter Jonas


Lambert Smith Hampton BNP Paribas Real Estate


Benedicts Consultant Surveyors Ltd


Bidwells Savills


NUMBER OF DEALS 17 9 5 4


2 2


2 INDUSTRIAL - OCCUPATIONAL SALES & LETTINGS 2017 WINNER:


INDUSTRIAL DEALMAKER NUMBER OF DEALS VSL & Partners Carter Jonas LLP JLL


Lambert Smith Hampton


8 4 3 2


WINNER:


INDUSTRIAL DEALMAKER VSL & Partners Carter Jonas LLP JLL


Lambert Smith Hampton


SQ FT OF DEALS 32,942 24,056 18,199 16,224


ARE YOU A WINNER? Request your digital badge: email marketing@costar.co.uk THE BUSINESS MAGAZINE – MAY/JUNE 2018 businessmag.co.uk 27


OFFICE DEALMAKER VSL & Partners Carter Jonas


BNP Paribas Real Estate Lambert Smith Hampton


Benedicts Consultant Surveyors Ltd


WINNER:


SQ FT OF DEALS 54,274 54,067 19,584 14,231


3,147


OXFORD


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