Lack of supply sees rents hold up for the best city office space
AccoRDing to Knight Frank, the largest deal in Leeds so far this year was the purchase of 63,552 sq ft at Victoria Place by the Medical Protection Society.
Elizabeth Ridler, of Knight Frank, said: “Other key deals included Gratterpalm’s acquisition of 18,871 sq ft at Number 1 Leeds, Dickinson Dees’ leasing of 17,030 sq ft at Whitehall Riverside and QBE Insurance taking 6,350 sq ft at 10 South Parade at a rent of £25.00 per sq ft.
“Only two suites remain at 10 South Parade – one of the most successful speculative developments of recent years.”
Knight Frank said interest in the regional market was focused on prime property, which was attracting the attentions of institutional investors.