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Leeds office market demonstrates it’s resilience

Marketing / 25 Jul, 17

View our Leeds Offices Market Update for Q2 2017.

Total office market take-up in Q2 stood at 226,509 sq ft which reflected a 77,380 sq ft / 52% uplift increase on Q2 2016.

In Q2 the Leeds office market demonstrated its resilience in the face of an uncertain economic climate posting improved take-up compared to both the preceding quarter and equivalent period last year.

The highlight of the quarter was the letting to Burberry at 6 Queen Street. The 46,000 sq ft acquisition was the largest deal to complete in the city centre for over 2 years, also setting a new benchmark rent of £30psf.

The out of town market also posted encouraging figures with a total of 21 transactions, including three in excess of 10,000 sq ft. The largest out of town deal was Smartcredit’s acquisition of 18,179 sq ft at Mayfield Business Park.

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