Oxfordshire Industrial Databook - August 2024

Oxfordshire’s industrial market remained busy in the first half of 2024, thanks to its strategic location for distribution and its strength in high-tech manufacturing. Take-up totalled 387,600 sq ft, with a further 209,800 sq ft under offer at mid-year. Grade A space accounted for 76% of take-up, indicating that occupiers are prepared to pay for space which is efficient, sustainable and in the right location. We forecast that prime industrial rents in Oxfordshire will continue to increase over the next five years, given economic growth and limited new development.