Optical systems often consist largely of empty space, as diffraction effects that occur through free-space propagation can be crucial to their function. Contracting these voids offers a path to the miniaturisation of a wide range of optical devices. Recently, a new optical element -coined a 'spaceplate' -has been proposed, that is capable of emulating the effects of diffraction over a specified propagation distance using a thinner non-local metamaterial [Nat. Commun. 12, 3512 (2021)]. The compression factor of such an element is given by the ratio of the length of free-space that is replaced to the thickness of the spaceplate itself. In this work we test a prototype spaceplate in the microwave spectral region (17-18 GHz) -the first such demonstration designed to operate in ambient air. Our device consists of a Fabry-Pérot cavity formed from two perforated conductive sheets, with a compression factor that can be directly tuned by varying the size of the perforations. Using a pair of directive horn antennas, we show evidence for a compression factor of up to ∼6.6. We also observe some distortion to the transmitted field, and we discuss future improvements to minimise aberrations. Finally, we investigate the fundamental trade-offs that exist between the compression factor, transmission efficiency, numerical aperture (NA) and bandwidth of this single resonator spaceplate design, and highlight that it can reach arbitrarily high compression factors by restricting its NA and bandwidth.