Top Cambridge agent takes 58% market share

Bidwells have retained their place at the top of EG’s Cambridge office disposals league table. Despite a 16% drop in its year-on-year disposal figures, the firm took an even more commanding 58% market share – acting on 11 more deals this time around. In a year that lacked the big pre-lets of previous years, the largest deal was to Arm, expanding its footprint in Cambridge by 47,617 sq ft at Eastbrook in a joint deal between Bidwells and Carter Jonas – the smallest overall top letting since 2013. The electronics sector accounted for 31% of take-up. Aside from chip design firm Arm taking space, there were notable deals in this sector to Samsung, which took 16,515 sq ft at Station Road, and Grapeshot, which secured 8,876 sq ft at Park House. Take-up levels fell by just over a quarter to 594,392 sq ft with agents having to work harder for their figures as the average deal size dropped to 4,500 sq ft; a 24% decrease. Going up: Last year’s acquisition of Dodson Jones helped Cheffins climb four places to second – boosting its take-up figures by 40% and almost double the number of deals completed. Going down: Cushman & Wakefield dropped out of the top 10. Albeit not a traditional stronghold for the firm, the big ticket deals of last year failed to materialise this time around.