5 November 2026

Q3 2026 – Leeds Office Market Report

5 November 2026

Q3 2026 – Leeds Office Market Report

Key Contact

Partner Richard Dunn
T: 07801 767859

Total office take up in Q3 totalled 197,617 sq ft.

In the City centre, Q3 saw 30 transactions and take up of 138,407 sq ft which was a fall of approx. 12% on the equivalent quarter last year. YTD City centre activity stands at 352,444 sq ft.

The standout transaction of the quarter was the pre-let of Capitol House by the Bank of England for their new, permanent North of England HQ. At 48,750 sq ft, this was almost five times the size of the next largest city centre letting. The market was dominated by smaller occupier requirements with 83% of all deals being for less than 5,000 sq ft and the average deal size for the period being 4,607 sq ft.

The Out of town market posted take up of 59,407 sq ft which was an increase of 11.50% on Q3 2025. YTD Out of town take up stands at 196,699 sq ft.

most significant transaction of the quarter Out of Town saw Klipboard sign for 19,517 sq ft at White Rose Park. This was one of three deals secured at the Park during Q3 alongside lettings to Valeo Confectionary and The Big Word.

Of the fifteen deals signed in Q3, 73% were for less than 5,000 sq ft and the average deal size was 3,960 sq ft.

Find out more about supply, rent and the outlook for Q3 by reading our full report here.

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