Spotlight | Reading: a new city

in the south east of England?

Reading
Reading: a new city in the south east of England?

28 September 2017, by Savills Research

Reading has a strong tech economy and enviable location. But, to grow into a city, it needs more space. We examine its potential, and the options for urban development and growth beyond its boundaries

Reading’s employment market is the same size as many regional cities. Its infrastructure and rail network supports a large and vibrant economy. See 'Punching above its weight'

 

International companies and the digital and tech sector are continuing to set up headquarters in Reading’s town centre, thanks to the delivery of modern office stock with a highly accessible location. See 'Punching above its weight'

Reading punches above its weight from an employment perspective, but is constrained in terms of housing delivery by its tightly drawn boundaries. This restricts the town from achieving its potential. See 'Meeting growing demand'

Reading is a key component in the wider regional economy. We believe that the traditional golden triangle of knowledge economies of Cambridge, Oxford and London can be extended to form a knowledge kite. See 'Punching above its weight'

Old and obsolete office stock has been largely absorbed through permitted development. This has delivered more than one-third of new housing stock. New homes in the town centre are particularly appealing to young people working in the tech sector. See 'Primed for city status'


 

Articles from Spotlight: Reading: a new city in the south east of England?

Punching above its weight

28 September 2017

Punching above its weight

With modern office stock and high accessibility, Reading’s employment market and corporate investment outperforms many major UK cities, including Oxford and Leeds

Primed for city status

28 September 2017

Primed for city status

Reading may be meeting its current targets, but it must develop more living and office space in and around the town centre to meet its potential as a city

Meeting growing demand

28 September 2017

Meeting growing demand

Despite its strong tech economy, enviable location and transport links, Reading is constrained by its housing stock. We highlight untapped potential both in town and beyond

 
 

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Lucy Greenwood

Lucy Greenwood

Associate
Residential Research and Consultancy

Savills Margaret Street

+44 (0) 20 7016 3882

 

Jacqui Daly

Jacqui Daly

Director
Residential Research

Savills Margaret Street

+44 (0) 20 7016 3779

 

Simon Preece

Simon Preece

Research Analyst
Commercial Research

Savills Margaret Street

+44 (0) 20 7409 8768

 

Steven Lang

Steven Lang

Director
Commercial Research

Savills Margaret Street

+44 (0) 20 7409 8738

 

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