Mid-tech boxes are all the rage in the industrial property sector in Cambridgeshire

For the first time since the pandemic in 2020, take up of industrial space in Cambridgeshire topped the long-term average of 350,000 sq ft per annum.

2022 welcomed quality new build supply to the industrial property sector with mid-tech box and light industrial schemes completing at Bourn Quarter and Bar Hill Gateway.

A the end of Q4 2022 85% of the phase 1 units at Bourn Quarter were either under offer or let with Bar Hill at 44% occupancy with more deals to come.

Rental levels at both Bourn Quarer and Bar Hill have been at £13.50 per sq ft and look set to increase to £14.50 in the coming months.

The industry is seeing more businesses taking leases of  mid-tech boxes and fitting them out with higher office content, labs or light assembly workspace.

To read more about the key industrial transactions, rents and take up summary in our annual Datapoint report, please click here.