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Leeds Offices - 1Q 2013

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Leeds Offices - 1Q 2013

Q1 was the best performing quarter since 2010, with take-up rebounding sharply to 235,001 sq ft, up 233% on the previous quarter and already in excess of 2012’s H1 total. There were a total of 32 transactions completed in Q1, compared with the quarterly average of around 19 deals.

Headline rents remained at £25.00 per sq ft in Q1 and net effective rents were also unchanged on Q4 at £19.00 per sq ft.

The Q1 vacancy rate declined marginally to 9.0%, although the availability of Grade A space increased to 300,000 sq ft. Named active requirements also increased from 390,000 sq ft to to 400,000 sq ft in Q1.

Source : Knight Frank

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