Our View on Cambridgeshire Offices and Labs - Spring 2020
Cambridge office and labs take-up well ahead of ten year average
Bidwells has released its Spring 2020 Cambridgeshire offices and laboratories research, which shows a strong year for the city, with take-up well ahead of ten year average at 0.8m sq ft - the highest total since the record highs recorded in 2014/15
Despite Brexit uncertainty, the Cambridge market proved robust throughout 2019, and saw an increased focus on Grade A space.
Take-up well ahead of ten year average
Almost three quarters of let office and lab space was grade A, as occupiers focus on quality
Knowledge intensive businesses accounted for majority of 2019 take-up
Office rents in Cambridge offices & labs sector at historic high
Large floorplate requirements account for a third of demand
Max Bryan, Head of Laboratory and Office Agency at Bidwells said:
“The first half of the year was relatively strong but quickened after the summer with occupiers focussing on securing their long-term place in Cambridge’s world class science and tech cluster rather than dwelling on the wider economic outlook”
Download our research paper to find out more, and our predictions for the year ahead and beyond.
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