Cambridge Industrial Databook - Spring 2023

Take up at highest level in eight years.

Take up in the Cambridge Industrial market reached an eight year high in 2022.

The logistic sector continued to see strong levels of activity, but the science and tech sector is a key driver of activity with the life sciences and high tech manufacturing sectors accounting for 38% of the year’s leasing activity.

The pressure of demand continues to drive rental growth. Prime rents increased by 17.5% in 2022, reaching £18.50 per sq ft with the mid tech market exhibiting a significant premium.