Arc Market Databook Norfolk Suffolk Offices and Labs - Summer 2021
Bidwells' latest Market Databook research for Norfolk and Suffolk sees the evolution and growth of the science and technology cluster in Norwich drive future demand and resilience.
The Norwich office market on the verge of a period of change.
While the challenges facing the traditional office market have not bypassed Norwich, a sharp return of requirements and significant space under offer at the end of H1 suggests the market will see annual take up ahead of 2020 levels.
The evolution and growth of the science and technology cluster in Norwich will drive future demand and resilience. The announcement of two separate areas of funding to support the development of globally significant research centres in the city provides the longer term counterbalance to further restructuring in the office market.
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