Arc Market Databooks

Cambridge laboratory take up reached its highest level in seven years fuelled by the delivery of new labs in the second half of 2023.

2023 office and lab take-up equalled the long-term average, with the life sciences sector accounting for two-thirds of the floorspace let.

Availability in the Norwich office market fell again last year and prime rents rose. We believe that prime yields at 10.5% provide an attractive entry point for investors looking to deploy capital.

Office take-up in Milton Keynes jumped to its second highest level on record in 2023.