1. Retail & Leisure Agency

    Retail & Leisure Agency

    At wsb we are highly active in the retail and leisure markets ensuring that our clients benefit from our superior market knowledge, creative thinking and innovative input.

    View More
  2. Office & Industrial Agency

    Office & Industrial Agency

    In agency a sound understanding of the market is key; at wsb through an unrivalled knowledge of the regional market we provide our clients with concise, clear, partner-led advice.

    View More
  3. Investment Consultancy

    Investment Consultancy

    In a rapidly changing environment wsb provides comprehensive advice based on our unique understanding of the property market coupled with attention to detail and a proven ability to 'get the deal done'

    View More
  4. Development Consultancy

    Development Consultancy

    wsb specialise in providing bespoke solutions to ensure our clients get the most from development opportunities. Our team of specialists offer clients the benefit of their diverse experience across all sectors.

    View More
  5. Landlord & Tenant

    Landlord & Tenant

    At wsb the combination of our professional skill base and a unique understanding of the market enable us to support clients through with negotiation of new leases and rent reviews across all commercial sectors

    View More
  6. Valuation


    Whether you’re a property owner, investor, lender or prospective purchaser in a rapidly changing market having an accurate and up-to-date valuation of your property makes sound business sense.

    View More
  7. Property Management

    Property Management

    At wsb we provide a multi-disciplined approach to all aspects of property asset management with the ability to tap into the wider skill base within the partnership

    View More

On Track Record Breaking Leeds Office Take Up

Leeds office market on track for record breaking take-up

25th October 2017

The 378,000 sq ft pre-let to the UK Government has resulted in the best ever quarterly Leeds office take-up figures and has helped put the city on track to potentially record full year take-up of over 1 million sq ft for the first time.

According to office market data compiled by the Leeds Office Agents’ Forum (LOAF), Q3 office take-up in the city centre reached 557,990 sq ft, a 345 percent increase compared with the same period last year. Out-of-town activity increased by 81 percent over the same period, reaching 119,554 sq ft in Q3. During the first nine months of this year, Leeds office take-up in the city centre alone had already hit a total of 797,722 sq ft.

Specifically in Q3, 37 city centre deals completed. The largest was the acquisition by HMRC and NHS Digital, working with the Cabinet Office, who agreed a 378,000 sq ft prelet at Wellington Place on a 25-year lease. Not only is this the largest ever office letting in Leeds it is also the biggest office deal to complete outside of London so far this year.

Activity was also boosted by four other deals over 10,000 sq ft including Sky Subscription Services who took 25, 740 sq ft at Central Square, NHS Digital taking 12,303 sq ft at Whitehall II and Regus who took 10,200 sq ft at Pinnacle.

Jeff Pearey from JLL and spokesperson for the LOAF, said: “Leasing activity in the traditionally quieter third quarter has been exceptionally strong. Even without the significant Government pre-let, office take-up in Leeds city centre was a healthy 177,990 sq ft, the highest quarterly figure since Q4 2015.

“All the signs point to office take up in 2017 being the largest ever on record in Leeds, driven in part by the Government letting but also other public sector transactions such as NHS Digital and the serviced office and TMT sectors.”

The out-of-town market recorded 120,000 sq ft in Q3, a 45 percent increase compared with the same quarter last year (54,000 sq ft). Of the 22 deals to complete, the largest was the 28,248 sq ft freehold purchase by Northwood Investors of Brabazon House, Turnberry Park in Morley.

Tom Shelton from Fox Lloyd Jones, added: “Looking ahead, the outlook is reasonably strong with a number of significant requirements due to commit before year end although, there is a notable lack of larger lease events.

“The speculative development pipeline is currently active with the completion of 3 Wellington Place imminent, however there is a notable lack of space being developed beyond 2017. A supply gap is therefore likely to emerge in 2018-19 which could mean that more occupiers will be faced with considering pre-lets.”

The Leeds Office Agents’ Forum was established in 2010. Its members include BNP Paribas, Carter Towler, Carter Jonas, CBRE, Colliers International, Cushman & Wakefield, Eddisons, Fox Lloyd Jones, Bilfinger GVA, JLL, Knight Frank, Lambert Smith Hampton, Ryden, Sanderson Weatherall, Savills and WSB.



Property Search
Client Requirements