Offices & Labs Databook Cambridge - July 2024

The convergence between science and tech is increasingly evident in the Cambridge market with tech companies responsible for two-thirds of office take up in H1. Overall, 90% of office and lab lettings were by companies operating in the knowledge intensive sectors.

The lab market remains cautious, but requirements for smaller floorplate space increased in H1, while several previously stalled, significantly larger transactions are now making progress. This will drive take up over the next couple of years as the high quality development schemes across the market come forward.