Leeds office market update Q2 2018
In the City centre, take up totalled 145,329 sq ft across 34 transactions. The largest deal of the quarter was the 25,938 sq ft letting at 5 Wellington Place to Ministry of Justice, which has taken the first and second floors. The other letting of significance saw Investec take 20,402 sq ft on a 15-year lease at 3 Wellington Place.
The out of town market achieved a 100% increase on the previous quarter with a total take up of 167,962 sq ft across 28 transactions. The major deal of the quarter saw Perform acquire 39,422 sq ft at Optim, White Rose Office Park, on a 15-year lease. The other notable deals include the 16,617 sq ft letting at Leeds Valley Park to Lowell, and the 16,550 sq ft letting at Phoenix House, Hawthorn Business Park, to Trade Skills 4U.
For further information about the market update please contact Richard Dunn, head of our office agency team on 0113 221 6137.