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.
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