CoStar says UK lab space leasing hits record high on prelet surge

• CoStar analysis flagged UK lab space demand at a record, driven by a 300,000-square-foot GSK pre-let at Cambridge Biomedical Campus.
• Rolling four-quarter take-up topped 1.2 million square feet in Q3 2026, with two months still remaining in the quarter.
• UK lab vacancy hit 14.3% in Q2 2026; Golden Triangle vacancy exceeded 25% following 1.8 million square feet of new supply.
• Construction starts fell below 130,000 square feet in 2026 to date; the UK lab pipeline shrank to about 3 million square feet.
• Another 1.4 million square feet is due by year-end; more than 40% remains uncommitted, pointing to higher vacancy before stabilizing in 2027.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. CoStar Group Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 202608060300BIZWIRE_USPR_____20260806_BW333297) on August 06, 2026, and is solely responsible for the information contained therein.