Oxford Offices & Labs Databook - February 2026

Oxford’s office market in 2025 saw the number of lettings equal 2024 activity, but overall take-up was below average due to a lack of large lettings. While available space is on the city outskirts, occupiers are currently focused on city-centre locations and with all City Centre Grade A space under offer and no meaningful pipeline of dedicated new offices, prime rents are set to rise.

Lab activity has been held back by venture capital funding uncertainty, but the landmark arrival of The Ellison Institute of Technology, pushed lab take-up to around 620,000 sq ft, reinforcing Oxford’s status as a global science cluster. Short-term availability will grow as new schemes complete, but the city’s innovation ecosystem and growing critical mass will underpin strong long-term demand.