Leeds Office Market Sees Strongest Ever Results

Posted on 22 July, 2013 by MOVEHUT

Office take-up in Leeds has soared this year with the city recording record results, according to The Leeds Office Agents’ Forum (LOAF).

During the second quarter of this year, 23 offices were filled in the city, taking up 203,145 sq ft of office space. This is a 260 per cent increase on the previous year – an amazing result. In total for the first six months 438,145 sq ft of office space in Leeds was filled. This is the highest level recorded since LOAF started recording data ten years ago.

So what companies have been taking up office space in Leeds? The Yorkshire Building Society acquired 76,413 sq ft of office space – which was the largest transaction of the year. Closely behind was CapGemini Financial Services who took up 25,389 sq ft of space

Speaking of the impressive results, Eamon Fox, LOAF spokesperson, said: “Leeds has continued to outperform a number of regional markets in the second quarter of the year.

“Indeed, this is the strongest quarter in terms of city centre take-up volumes since Q4 2003 and would appear to be best start to the first six months of any year in recent memory.

“Already, the total take-up in the first half of this year has exceeded the five year average of 380,000 sq ft.”

According to LOAF, with the recent boost in the city of office take-up, there is now only 235,000 sq ft of city centre Grade A office space remaining.

Do you have offices based in Leeds? Why do you think the city has become a hotpot for businesses this year? Share your thoughts with us below.




Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.


Recent Posts

Interest Rates Impact on Commercial Property

Commercial Property Investment Outlook for 2023

The best places to stay on the Riviera

The latest property data has identified Newquay as the fastest property seller’s market in the UK

Investing in your garden can increase your property’s value

French Riviera temping high-end homebuyers

How can the ownership rights of my commercial property impact a business sale?

Should I incorporate virtual property viewings permanently?

Investment expected to increase across Asia-Pacific in 2021

UK property industry slows as the conclusion of tax break looms

BNP Paribas cautioned investors on Friday as debt-trading bonanza that increased its earnings this past year

Over 300,000 property purchases fell through in 2020 – we show the most frequent motives and the best way to get your house sale back on track

House Prices in the Capital Surpass £500,000

Optimism from the Bank of England’s chief economist

The most expensive commercial properties.

Businesses operating from shared premises will miss out on grants