Cambridge laboratory sector sees highest level of requirements in five years
Bidwells' latest Market Databook research reveals the second half of 2020 saw office and laboratory take up return to trend levels following a COVID-19 disrupted H1. Cambridge has been on the axis of the UK pandemic response sustaining business activity across the city. The market has seen take up continue across a range of business sectors, but dominated by knowledge intensive industries.
The laboratory sector is facing a particular challenge with over 400k sq ft of active requirements, the highest level for five years. This wall of demand is set against an availability rate of just 3.7%, inevitably placing pressure on rents.
Download our report to view our data and expectations for the year ahead and beyond.
£48.50psf Prime office rents move
to a new high
Prime office rents move
Combined office & lab availability rate at the end of 2020