A predicted jobs boom in Oxford over the next decade could be hit by a shortage of offices, a new report has revealed.

A report by propert agent Carter Jonas shows that in Oxford, a total of 4,562 new jobs are predicted between 2010 and 2026 — an average of 285 a year.

From that it is estimated that an extra 580,000 sq ft of office accommodation will be needed house the extra staff.

The report identifies four key development sites in Oxford — the proposed West End and Northern gateway schemes along with ongoing expansion of the Business Park and Science Park that will deliver around 1.5 million sq ft over the next ten years.

But it is estimated this supply will be exhausted by 2020 by firms moving across to better grade accommodation.

And any further large-scale developments in the city are unlikely, due to restrictive space and planning regulations, according to Carter Jonas.

Jon Silversides of the firm’s Oxford commercial division, said: “Oxford is in danger of becoming a victim of its own success over the next decade, unless measures are taken now.

“We need key stakeholders in the market to work together to unlock sites, progress schemes and provide a catalyst for activity. Otherwise, valuable projected growth in the office sector will be stifled before it has chance to take hold.”

The same problem exists in Cambridge where 4,441 new jobs are forecast over the period with a net development pipeline of about 2.9 million sq ft.