Total take up across Central London touches 6m sq ft for the second successive six month period underpinned by growing demand from the life science sector.
The Norwich office market maintains the momentum of 2021, with the largest transaction of an existing building recorded during H1. The burgeoning science sector continues to gain momentum.
The life science and technology sectors continue to drive very strong floorspace demand across the Cambridge market, with office and lab requirements standing at 2.2m sq ft, up a fifth in the last six months.
Since the pandemic Oxford has seen an acceleration in the critical mass of life science and technology companies. Demand for labs has risen sharply over the last 18 months to a record of 860,000 sq ft, including a number of significant floorplate requirements.
We are witnessing an evolution of the life science sector both in the UK and internationally. Not only is the sector expanding rapidly but scientific developments are facilitating new techniques and product outputs.
The UK science and technology market remains a hot prospect for investors from home and abroad.
The success of the Arc, and its science and technology sector, depends on Britain’s
world-class skills base. But is enough being done to ensure the UK continues to
train, attract and develop the best scientific talent?
The government has set out a 10-year vision to make the UK a world leader in life sciences. But how do we build the partnerships that will make this happen?
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