December, 2013
Property News

Office take-up in Leeds set to easily outperform 2012 levels

by Julia Ford

According to new figures, office take-up in Leeds city centre for 2013 will easily outperform 2012, and for the first time in six years will be on a par with pre-recessionary levels.

Research by property adviser BNP Paribas Real Estate also says that 2013 Leeds out of town take-up is expected to reach 440,000 sq ft, which is also well ahead of last year’s level.

BNP Paribas Real Estate’s head of Leeds office, Richard Dunhill, said: “Total Leeds office take-up between Q1-Q3 2013 reached 829,000 sq ft, up 36% on the equivalent period a year earlier. This rise has been driven by strong transactional activity in the city centre, with three exceptional deals over 60,000 sq ft completed this year. In 2012, there was just one deal of this magnitude.”

Read the full article here
Source: The Business Desk