The industrial property market in the Cambridge area has improved in the last 6-9 months, according to a databook published by Bidwells.
Russell Catley, head of industrial agency at Bidwells in Cambridge said: ""Our industrial team has experienced a busy few months with the final four units sold at Atria Court Papworth, a 48,000 sq ft unit in Bar Hill let to ASD Metal Services, a 17,000 sq ft letting at Beadle Industrial Estate, two units sold at Buckingway Business Park Swavesey, and a 13,000 sq ft unit sold on the former Plasmon site in Melbourn.
He added: "Overall, availability is relatively low and of those units that are available, a decreasing amount is new or good quality. Our view is that rents for older stock that are hit hardest by the rates revaluation from April will diverge from the prime modern stock that should remain at around £8-£10 per sq ft in the City.
"Whilst requirements for units over 20,000 sq ft are few and far between, available properties are in short supply. We therefore see more pressure on occupiers to consider bespoke buildings on development land, especially where industrial occupiers are sitting on prime re-development sites."
