Q1 office take-up in Leeds eases
Office take-up in Leeds fell during the first quarter of the year, figures from the Leeds Office Agents’ Forum show. Workspace take-up during the period totalled 228,897 sq ft.
In the city centre, 123,463 sq ft of office space was taken across 32 deals, a decline of 27% year-on-year. The largest city centre deal was to HG Construction, which has leased 14,126 sq at Belgrave Hall.
Leeds out-of-town market, meanwhile, transacted a total of 105,434 sq ft of office space across 31 deals. The largest deal was to Williams Lea at Leeds Valley Park (pictured), which took 16,617 sq ft.
Office take-up in Leeds fell during the first quarter of the year, figures from the Leeds Office Agents’ Forum show. Workspace take-up during the period totalled 228,897 sq ft.
In the city centre, 123,463 sq ft of office space was taken across 32 deals, a decline of 27% year-on-year. The largest city centre deal was to HG Construction, which has leased 14,126 sq at Belgrave Hall.
Leeds out-of-town market, meanwhile, transacted a total of 105,434 sq ft of office space across 31 deals. The largest deal was to Williams Lea at Leeds Valley Park (pictured), which took 16,617 sq ft.
Richard Dunn, partner at Sanderson Weatherall, said: “While the market didn’t witness the bumper-sized prelets which buoyed Q1 2021, leasing performance so far this year has come from a broad range of business sectors.
“The outlook for the rest of 2022 is encouraging, with a strong pipeline of identifiable demand from a range of sectors including professional services, serviced offices, and financial services.”
The Leeds Office Agents’ Forum is made up of Avison Young, BNP Paribas, Bowcliffe, Carter Towler, Carter Jonas, CBRE, Colliers International, Cushman & Wakefield, Eddisons, Fox Lloyd Jones, JLL, Knight Frank, Lambert Smith Hampton, Ryden, Sanderson Weatherall, Savills, and WSB.
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