Currently Leeds city centre office market take-up is 58% lower than this time last year, with Q2 suffering the most due to the national lockdown pausing many acquisitions. Encouragingly, market activity resumed as restrictions were lifted and continued occupier demand resulted in a steady increase in take-up over Q3.
Q3 Leeds office market take-up totalled 150,624 sq ft across 46 deals.
There were 18 deals in the city centre totalling 88, 507 sq ft. The most significant deal saw Knights PLC take 22,166 sq ft on floors 1 and 2 at Majestic. The NHS also completed a substantial letting by acquiring 21,804 sq ft at 2 Park Lane.
The out of town market also had an encouraging performance with 62,117 sq ft of take up across 28 deals. The largest transaction of the quarter saw Carlsberg UK take 13,134 sq ft of offices at Temple Point in Colton Mill.