As the economy continues its volatile recovery from recession, Thame has seen its
office market buck the general trend of lower take-up levels over the last year.
Thame Park Business Centre, a mixed business park of office units and industrial warehouse space totalling 120,000 sq ft, is a good example.
Four new businesses have moved in — Risborough Carers, Desktop Ideas, Thames Valley Police and RG2. A further two buildings are under offer.
John Greaves, Director at agents Lambert Smith Hampton’s Oxford office, said: “The reason Thame Park Business Centre has proved popular is because it offers genuine grade A accommodation in self-contained buildings in an established business location.
“The office market in Oxfordshire is still challenging, with limited demand and vacancy rates remaining stable. But these deals demonstrate occupiers are prepared to commit to new leases and capital expenditure, if the property suits their business requirements.”
Mike Holifield, owner of Fields Chartered Surveyors in Thame, added: “2013 will undoubtedly be another challenging year for the commercial property market, but as a scheme that ticks the wishlist of so many prospective occupiers looking to upgrade their space, we are confident of equally positive performance with the last remaining industrial unit. And all of the office space is now either let or under offer.”
The remaining industrial/warehouse unit covers 19,490 sq ft and includes two storey offices and parking and loading facilities. The unit has full heating and lighting systems.