Leeds will start to see a step change in the quality and variety of space available to occupiers this year
■ Leeds has strengthened its position as one of the key regional cities in recent years, with rapid infrastructure investment, including plans for HS2.
■ Take up in Leeds' city centre market came to 121,178 sq ft during Q1 2016, 51% up on the first quarter in 2015. This was driven by the 39,605 sq ft letting of the 2nd & 3rd floors, at No 6 Wellington Place to Hestview Ltd (Sky Bet).
■ Continued demand for office space in Leeds has led to rents for refurbished space rising to £26 per sq ft, only £1 lower than those for new build Grade A offices.
■ Leeds saw £348m of investment during 2015, the highest level recorded since 2006.
■ Key deals include Legal and General Capital taking a 50% stake in Thorpe Park Business Park for £162m, which is set to expand over the next five years.
■ Investment in Q1 2016 has started positively, with £49m being transacted. The key deal was EPIC UK Ltd's £23.7m purchase of St Paul's House, Park Square representing a 6% yield.
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