Norfolk & Suffolk Offices & Labs Databook - February 2026

Demand remains resilient despite constrained supply. Take-up in 2025 reached 131,700 sq ft, slightly below the 10-year average, largely due to a severe shortage of Grade A space. Availability fell to just 27,600 sq ft at year-end, the lowest level in over a decade, with half already under offer. At the same time, requirements rose to 167,600 sq ft, their highest level in three years, driven by demand for larger units over 10,000 sq ft.

Prime rents held at £20.00 psf in 2025 but are forecast to rise to £27.50 psf by 2030, supported by sector growth and limited new development. However, new schemes would need rents of around £35 psf to be viable. Investment activity strengthened in the second half of the year, with £32m transacted and prime yields at 11.75%, presenting potential value given low vacancy and positive rental prospects.