Eye on the market - Leeds
COSTAR GROUP
OFFICE AGENCY LEAGUE TABLES
January 2011 to December 2011
2011 saw WSB continue to grow their market share securing a variety of new instructions and advising on a number of significant city centre transactions.
Looking forward, whilst conditions remain challenging, substantial latent demand exists in the city with a number of major occupiers already providing clear indications of their intentions to acquire space during the next two years which should help to bolster overall take up. However, market activity remains underpinned by sub 5,000 sq ft lettings with schemes such as 10SP witnessing noteworthy success during 2011 with new headline rents for the city being achieved which is testament to occupier’s flight to quality.
Supply in the traditional core is becoming increasingly constrained with the majority of available Grade A space located in areas of the expanded market, mostly to the south and west of the rail station.
This limited supply in the prime core will see the re-emergence of pre-let commitments from larger occupiers.
