Spotlight

Leeds Office Market

Leeds Office Market
Leeds Office Market

25 May 2017, by Clare Bailey

The 'West End' has seen significant developments over the last five years and we expect this to continue to grow as an office destination

■ Savills expect end of year take-up to reach 800,000 sq ft, 94% above 2016 and the best year on record.

■ The Leeds office market has been extremely resilient through recent economic shocks with c.19,000 office based jobs being created over the past five years.

■ The tech sector is expected to grow by 5.6% over next five years compared to 2.8% over last five.

 

■ The 46,000 sq ft Burberry deal signifies the largest office letting in Leeds this year and sets a new rental tone for Leeds at £30 per sq ft.

■ Whilst we expect overseas investors to remain a prominent player in the second half of 2017, we also expect the UK Institutions to resume activity.

■ Leeds is now 100 basis points from its 10-year, prime equivalent yield all time low, representing a good buying opportunity.

Articles from Spotlight: Leeds Office Market – Summer 2017

Leeds office market

25 May 2017

Leeds office market

We expect end of year take-up to reach 800,000 sq ft, 94% above 2016 and the best year on record

 
 

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Key contacts

Clare Bailey

Clare Bailey

Associate Director
Commercial Research

Savills Margaret Street

+44 (0) 20 7409 8863

 

Paul Fairhurst

Paul Fairhurst

Head of Office & Director
Office Agency

Savills Leeds

+44 (0) 113 220 1207