LISTEN The office market in Cambridgeshire is flourishing as rents head towards the £50 per sq ft level, but a shortage of available land could hamper future growth, according to Bidwells senior surveyor George Craig.
Bidwells leads the Cambridgeshire On-Demand Rankings for transacted space, having acted on 822,813 sq ft of deals so far this year. It is a market led by the technology cluster that has formed around Cambridge University, which seeks to attract the best talent that the various colleges produce.
One of the biggest success stories this year has been Roku, which specialises in streaming services including Peloton, whose growth through the pandemic has seen it expand from 20,000 sq ft to 116,000 sq ft.
