The Leeds market saw a total of 209,955 sq ft of office space transacted in the third quarter of the year.

In the city centre there were 33 completed transactions totalling 156,675 sq ft and an average deal size of 4,748 sq ft. Take up was up 7% on the equivalent quarter last year and at the end of Q3 YTD take-up has reached 482,592 sq ft which is line with the long-term average.

The stand-out deal of the quarter was the pre-let to Eversheds Sutherland by Vastint at Kellstone and for 47,016 sq ft. Other notable deals included Sweco signing for 14,966 sq ft at 1 Whitehall Riverside and Grant Thornton taking 9,974 sq ft at City Square House.

Out of town, a total of 53,280 sq ft was transacted across 22 deals, with 92% of these under 5,000 sq ft and with an average deal size of just 2,220 sq ft. Take up was 53% lower than in Q3 2024 although overall activity across the first three quarters of the year of 189,783 sq ft is broadly in line with the same period last year.

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