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City Space Race
By
Rebecca McDonald
| 21 March 2018
City Space Race
By
Rebecca McDonald
| 21 March 2018
Select Chapter
Executive Summary
Introduction
The geography of demand for residential and commercial space
Box The most productive businesses favour a city centre location
Box Figure 1: Median rateable value per m2 of commercial property, 2015
Box Figure 2: Median commercial prices by degree of urbanisation, 2015
Box Residents are attracted to both city centre and suburban locations
Box Figure 3: Median residential price per m2, 2017
Box Figure 4: Median residential prices by degree of urbanisation, 2016-2017
Box Competing demands for city centre space threaten cities’ roles as places of production
Box High-skilled city centres have the most intense competition for space
Box Figure 5: Residential and commercial property prices by city centre
Box Figure 6: Share of city centre workers with a degree compared to property prices
Box Figure 7: Share of city centre residents with a degree compared to property prices
Box Figure 8: Property prices compared to resident and job growth in city centres
The role of policy in intensifying competition for space
Box Permitted Development Rights (PDR)
Box Figure 9: Permitted office to residential conversions as a share of office stock, 2014-2017W
Box Case study 1: PDR is putting Crawley’s economy at risk
Box Case study 2: PDR in Manchester is focused on its city centre
Box Figure 10: Office to residential conversions through PDR in Manchester city centre, 2015–2017
Box Restrictive planning policies
Box Figure 11: Net additional houses built, by local authority
Box Figure 12: Office to residential PDR conversions as a share of net additional houses built, by local authority
Box Case study 3: Slough is under pressure to accommodate growth
Box Figure 13: Office to residential conversions through PDR in Slough, 2013–2017
Box Case study 4: London’s approach to protecting commercial space
How policy can better manage competition for space
Box Recommendations for national government
Box Recommendations for cities
Conclusion
04
1: Measuring commercial and residential property prices
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