Milton Keynes has seen office space demand rebound to the highest level since the start of the pandemic, with a notable increase in requirements from companies new to the city.
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.
Head of Milton Keynes, Holly Dawson, provides the insight behind the numbers following the release of Bidwells’ latest MK databook.
The second half of 2021 saw a strong rebound in the Central London following the pandemic period, an expansion in the tech sector accelerating take up ahead of trend.
The latest Arc Market Databook for Norfolk & Suffolk
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