Arc Market Databook Norfolk Suffolk Offices and Labs - Spring 2021
While the pandemic takes its toll on the office market, tech continues to evolve
The pandemic has taken its toll on the Norfolk and Suffolk office market, driving a sharp downturn in take up, although the second half of 2020 showed an uptick in activity.
In Norwich, the tech sector continues to evolve, most recently supported by the announcement of new government funding, whilst BT are planning significant investment at its global R&D HQ in Suffolk.
The expansion of the sector is reflected in a steady increase in requirements for sub 10,000 sq ft units. These businesses are faced with few options in the market, with the supply of Grade A stock remaining at an historic low
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