Big increase in property deals as occupiers rush to get the best prices

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PROPERTY deals in Leeds reached their highest level since the collapse of Lehman Brothers in the first quarter of this year, according to research published by DTZ yesterday.

First quarter city centre take-up in Leeds increased to an above average level of 155,000 sq ft, the best performance for more than four years.

Adam Cockcroft, the director of office agency at DTZ in Leeds, said: “Q1 take-up for Leeds city centre increased a massive 300 per cent over the corresponding quarter in 2011.

“This is largely due to occupiers recognising that the competitive deals currently on offer on Grade A buildings will reduce in the near future. Grade A stock is starting to decrease with a corresponding hardening of incentives.”