2023-11-23-莱坊-UK_Cities_Leeds_Q3_2023_1页_257kb

Leeds Office Market showed robust activity in Q3 2023, with high investment take-up in both letting and speculative sectors. The market experienced strong demand, particularly from professional services, and maintained low vacancy rates in Grade A spaces. Rental yields and prices remained stable, with prime rent at £38-54 per sq ft across various sectors. A key transaction involved a 11,618 sq ft building on King Street sold for £38.5m, reflecting continuing investor interest.

In Q3 2023, overall take-up was 171,223 sq ft, with professional services as the most active sector. Fleeting demand dropped by 8% year-on-year, contrasting with speculative investment volumes. Grade A vacancy rate was 5.53%, lowest in the market, and prime yields hovered near 6.50%. Prime rent held steady, with financial/bank sectors at £38.00 and general prime office leases around £54.15 long-term. End-of-quarter forecasts kept yields and rents relatively unchanged from previous years. Specific transactions highlighted the market's activity, such as the King Street deal where Azets bought for £38.5m and Citi Private Bank acted as vendor, indicating sustained buyer interest in core areas.