February, 2014
Property News

Leeds boost office take-up to five year high

by Julia Ford

City centre office take-up in Leeds in the final quarter of 2013 hit twice its quarterly average, making it the best performing city outside of London.

According to the quarterly regional office market report by GVA, Leeds’ success is yet another sign that the regional commercial property market is on the up.

The Big Nine reports that in 2013, GVA’s nine city centres – including Leeds and all major cities outside of London – recorded the highest level of annual office take-up within the last five years, at a total of 4.82m sq ft.

Leeds followed an impressive first half of the year with its highest level of activity in the final quarter, with office take-up totalling 259,111 sq ft, 76% above its five year annual average.

Read the full article here.
Source: The Business Desk