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Trio of studio lettings as demand continues for flexible workspace

 THE BUSINESS DESK.COM

Yorkshire Property
By Miran Rahman

9 March 2022



Property investment and development company, CEG, has let three of its studios at 84 Albion Street in Leeds.

Citizens Advice has taken two studios totalling 1,539 sq ft and Perigon Associates has let a 301 sq ft space. Two studios remain at the office development.

The let ready studios launched in Albion Street last autumn. They provide workspace designed for teams of four to 24 people and enable a company to move in, plug in and start work immediately.

Robert Morton, investment manager at CEG, said: “We only have two studios remaining, which offer great start-up and grow-on space for smaller businesses as well as a regional base or additional fully-furnished project space for larger companies.

“We have seen strong interest in the space, particularly as companies are now returning to the office environment.”

84 Albion Street has been extensively refurbished. The 22,228 sq ft Grade A office development provides six floors of space with five offering corporate space, complemented by the studios on the first floor.

Fox Lloyd Jones and WSB are appointed as agents marketing Albion Street on CEG’s behalf.

Harry Finney, senior surveyor at Fox Lloyd Jones, said: “There is an emerging market for high quality fully fitted, managed workspace on flexible lease terms across the city centre market.

“The offer at 84 Albion Street provides a highly desirable blend of conventional and serviced workspace, which is suitable for a variety of businesses.”

Robin Beagley, partner at WSB, added: “The strong interest we have seen in 84 Albion Street reflects changing trends from businesses as to what they want to see from their office space.

“We are finding occupiers are looking for flexible and adaptable office space that also, importantly, provides a creative and inspiring working environment that will appeal to staff.”