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Leeds Offices Snapshot Q4 2019

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06 11 19 Leeds National Offices
By Roddy Morrison, Charles Preston and Mike Allison
Key highlights include:
  • Leeds city centre enjoyed an extraordinary year in terms of both occupier and investor demand.
  • Leeds city centre 2019 take-up levels ended on a high with 774,625 sq ft transacted, 33% above the 10-year average.
  • Headline rents in the city centre increased to £32.00 psf. As demand for Grade A space continues to increase, we expect prime rents to continue to rise in 2020.
  • As a result of diminishing Grade A supply, year-end Grade A vacancy levels stand at 1.28% of the total market, with overall vacancy at 6.94%.
  • 2019 investment transaction volumes exceeded 2018 volumes by 43% to reach £568 million, significantly above the 10-year average of £179 million.
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Leeds Offices Snapshot Q4 2019

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Related Experts
Roddy Morrison | Colliers | Leeds

Roddy Morrison

Director

Leeds

+44 113 200 1810
+44 77474 70983
Email

I head up the Yorkshire and North East offices team and have over 20 years agency experience specifically within the region. I have been involved in numerous high profile city centre, business park and office led mixed use developments throughout the region.

Majoring on disposal and acquisition work for a variety of Property Companies, Funds and occupiers, I have also been prevalent in providing development advice on mixed use and regeneration projects throughout the region.

I also provide development consultancy and strategy advice to a number of local authorities, education institutions and charities.

I have worked with and agreed comprehensive multi-site 5 year Property Strategy Review Programmes with two large UK Financial Services occupiers within the past 5 years. 

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Charles Preston | Colliers | Leeds

Charles Preston

Senior Surveyor

Leeds

+44 113 200 1808
Email

Charles started working for the Colliers' Leeds office in the National Offices Team in January 2018. He gained an MSc in Commercial Building Surveying from Liverpool John Moores University having previously achieved a B.A. in History from the University of Liverpool.

As part of the National Offices team, Charles now offers a wide range of advice on Office premises throughout Yorkshire and the North East alongside colleague Roddy Morrison.

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Mike Allison | Colliers | Leeds

Mike Allison

Graduate Surveyor

Leeds

+44 113 200 1811
Email

Mike joined the Colliers International Graduate Rotation Scheme in September 2019. He currently sits within the National Offices Team.  Previous rotations completed in National Capital Markets and Valuation & Advisory Services. He is working towards the MRICS designation to become a  member of the Royal Institution of Chartered Surveyors.

Before joining Colliers International, Mike graduated with a First Class Bachelor of Science in Real Estate, with honours, from Nottingham Trent University. He has gained experience at other internationally respected Real Estate companies including: 

  • BNP Paribas Real Estate  |  International Investment
  • Prologis UK Ltd                 |  Leasing & Development 
  • Jones Lang Lasalle            |  Industrial Agency
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