Partner with us
Media centre
Sign up to our newsletter
Research
City by city
Data
Blog
Podcasts
Events
About
Current issues
Industrial strategy
Devolution
Housing
Productivity
Net zero
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
Figure The most productive businesses favour a city centre location
Figure Figure 1: Median rateable value per m2 of commercial property, 2015
Figure Figure 2: Median commercial prices by degree of urbanisation, 2015
Figure Residents are attracted to both city centre and suburban locations
Figure Figure 3: Median residential price per m2, 2017
Figure Figure 4: Median residential prices by degree of urbanisation, 2016-2017
Figure Competing demands for city centre space threaten cities’ roles as places of production
Figure Box 1: Measuring commercial and residential property prices
Figure High-skilled city centres have the most intense competition for space
Figure Figure 5: Residential and commercial property prices by city centre
Figure Figure 6: Share of city centre workers with a degree compared to property prices
Figure Figure 7: Share of city centre residents with a degree compared to property prices
The role of policy in intensifying competition for space
Figure Permitted Development Rights (PDR)
Figure Figure 9: Permitted office to residential conversions as a share of office stock, 2014-2017W
Figure Case study 1: PDR is putting Crawley’s economy at risk
Figure Case study 2: PDR in Manchester is focused on its city centre
Figure Figure 10: Office to residential conversions through PDR in Manchester city centre, 2015–2017
Figure Restrictive planning policies
Figure Figure 11: Net additional houses built, by local authority
Figure Figure 12: Office to residential PDR conversions as a share of net additional houses built, by local authority
Figure Case study 3: Slough is under pressure to accommodate growth
Figure Figure 13: Office to residential conversions through PDR in Slough, 2013–2017
Figure Case study 4: London’s approach to protecting commercial space
How policy can better manage competition for space
Figure Recommendations for national government
Figure Recommendations for cities
Conclusion
08
8: Property prices compared to resident and job growth in city centres
Next chapter
