Property specialists at Vail Williams have created an infographic to show that the Thames Valley office market is affected by so many different factors – and it’s not just a simple question of supply and demand.
Charlie Nicholson, partner at Vail Williams, commented: “This visual illustration helped facilitate debate at the recent Thames Valley Property Forum around the trends and influences affecting landlords and occupiers’ respective decisions around their development, investment and occupation of premises within the region which has traditionally been framed on a simple linear ‘supply-and-demand’ basis.
“However with recruitment and retention, smart cities, connectivity, transport links and the potential ‘push/pull’ debate around the effects of the arrival of the Elizabeth Line all coming into the debate it will be those that identify the opportunities and threats that will most benefit.
“The Elizabeth Line will undoubtedly offer benefits for communication links, opening up a huge increase in available workforce for example from circa 2.6 million in and around the region to in excess of 6 million people who will then be situated within a commutable distance.
“Will all of the impacts be positive to the area for business, or might existing workforce prefer to work in London and enjoy the ‘buzz’ of the City? How do we locally make the public realm areas fit for purpose and deliver the type of retail and leisure experience that we as consumers now demand? This is just one area of a huge range of impacts and pressures on land use that are being played out across the region.”
He added: “Vail Williams are well placed to help business to make the most of the opportunities presented.”