Take-up of office and laboratory space in the Oxford-Cambridge Arc has remained resilient during the first half of 2020, according to a new report from Bidwells.
The property consultancy revealed 117,600 sq ft was taken in Oxford between January and July, reaching 85 per cent of the city's ten-year average despite the Covid-19 pandemic.
In Cambridge, take up totalled 130,300 sq ft, or 40 per cent of the ten-year average. However, in the first six weeks of the third quarter, a further 50,000 sq ft has changed hands.
The life science sector was a driver of demand; the availability of lab space in Cambridge fell to just 3.5 per cent by the end of June.
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