Golden Triangle life sciences take-up increases 25 percent year-on-year

Life sciences take-up in the United Kingdom’s Golden Triangle region — London, Oxford and Cambridge — was 186,000 square feet in first quarter 2024, according to global property adviser Knight Frank, up 25 percent year-on-year as the sector continues to mature and the United Kingdom’s appeal as a hub for life sciences and innovation, startup activity and talent quality transforms the sector and underpins demand for space. Further supporting this expansion, government initiatives to solidify the United Kingdom’s reputation as a science and innovation powerhouse have prompted significant corporate investments in both new and upgraded facilities.

According to the latest research by Knight Frank, life sciences take-up in Oxford was approximately 142,000 square feet in the first quarter, 215 percent above the five-year average and up more than 900 percent versus the previous quarter while London life sciences take-up increased 48 percent versus fourth quarter 2023 to 23