Take-up of office space in Leeds the best for 15 years

A SURGE in occupier demand for office space in Leeds last year has resulted in the best take-up figures for over 15 years, according to new data.

According to office market data compiled by the Leeds Office Agents’ Forum, 2013 occupier take-up in the city centre reached 794,043 sq ft – the largest transactional volume for 15 years and a 96 per cent increase on 2012’s figure of 405,951 sq ft. Out-of-town activity reached 491,082 sq ft, up 44 per cent.

Activity was boosted by Leeds City Council taking 50,000 sq ft of additional space at Merrion House and KPMG agreeing terms on 28,271 sq ft at Broadgate.

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Adam Varley, from Lambert Smith Hampton, said: “We’ve seen the best level of transactional activity for over 15 years; driven in part by improving confidence in the wider economy which has had a positive ‘knock-on’ effect on occupier sentiment.”