Cambridge: A city state of mind?
Cambridge has been one of the success stories of the past decade, but there are signs emerging that it needs to adopt new strategies to remain in a position of strength.
The Cambridge ecosystem that links entrepreneurs, investors and academics has resulted in the city becoming a leader in technology, life sciences and the emergent tech in between. Over the last ten years, the value of goods and services produced in the area has grown by 15%. But in tandem, pressures on the local property markets have continued to grow. Office rents are at £38 per sq. ft. per annum, a 52% increase over 10 years, while house prices have grown by 60% over the same period.
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