Offices & Labs Databook Oxford - August 2025

Oxford’s office sector remained resilient in H1 2025, with occupier demand concentrated in the city centre and prime rents hitting a new high of £63 psf. Tech and engineering firms led activity, alongside Oxfam’s landmark 26,500 sq ft letting at ARC Oxford.

In the labs market, smaller-scale requirements softened as start-ups tightened budgets, but demand for large Grade A facilities from global pharma and research organisations grew. Availability rose to 22.7% as new developments came online, including the major Daubney Project and Fabrica schemes.

Despite a quiet investment market in early 2025, yields for prime office and lab assets held steady at 6.0% and 4.75%, with liquidity expected to improve over the next 12 months.