Offices & Labs Databook Oxford - July 2024

Knowledge intensive business were response for virtually all office and lab take up in Oxford in H1 2024. This was reflected in a marked upturn in activity in the office sector, driven by both life science and tech.

The lab market remains subdued, but H1 saw a recovery in fundraising which is starting to translate into increased spin-out and start-up demand. This, combined with a renewed interest from multi-national pharmaceutical companies should drive higher requirements in H2.  This will be seen in take up over the coming years as new lab space is delivered in the historically undersupplied Oxford cluster.