Spotlight:

Is the future bright for Oxford?

Is the future bright for Oxford?
Is the future bright for Oxford?

19 June 2017, by Jim Ward

Unaffordable housing and a lack of office space are constraining Oxford’s productivity and economy.

New sites connected to the city, such as Barton Park and Oxford North, will start to unlock growth, but more are required. New infrastructure, in addition to Oxford Parkway station, will provide the connections

■ Of the new homes built in Oxfordshire over the past five years, only 10% were built in Oxford, yet the city accounted for 42% of job growth. Now, 36 new sites have been proposed to meet Oxford’s housing need

 

Better housing opportunities would attract and keep Oxford’s top talent. For 2014/15, Oxford retained 18% of its graduates, outside the top 10 UK university cities. London and Manchester led the way with 77% and 52% of students retained

A high level of house-building in the county towns has done little to reduce the pressure on Oxford. Congestion on main roads into the city has increased by 22% over the past five years, and at 16.7 Oxford has the highest average house price to income ratio in the country

Momentum is building towards the planning and funding of new transport infrastructure. This includes relief for the A34 and new East-West rail and road links

More venture capital investment into Oxford is supporting start-ups and will create new demand for office space in the future. Major new developments in the city centre will act as a catalyst to attract more office occupiers

Articles from 'Spotlight 2017: Is the future bright for Oxford?'

Matching action to ambition

Oxford is home to a world-class university, but the city’s economic potential is held back by its property offer.

Making tracks

19 June 2017

Making tracks

Improving road and rail infrastructure in line with housing needs will provide better connections and could even unlock new land for development

Is Oxford open for business?

Oxford needs to invigorate its city centre office space to appeal more to office workers and create a stronger business community

Mutual attraction

19 June 2017

Mutual attraction

New developments such as Oxford North have the potential to attract talent and global companies

Funding Oxford’s future

Is there enough venture in Oxford’s venture capital? Signs show that investment in the city’s start-ups is increasing, which bodes well for future commercial property demand

 
 

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Key contacts

Jim Ward

Jim Ward

Director
Residential Research and Consultancy

Savills Margaret Street

+44 (0) 20 7409 8841

 

Nick Gregori

Nick Gregori

Associate
Residential Research

Savills Margaret Street

+44 (0) 207 409 5907

 

Steven Lang

Steven Lang

Director
Commercial Research

Savills Margaret Street

+44 (0) 20 7409 8738

 

Mike Barnes

Mike Barnes

Research Analyst
Commercial Research

Savills Margaret Street

+44(0) 203 107 5459