Arc Market Databook Cambridgeshire Offices and Labs - Spring 2021
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.
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