The 'West End' has seen significant developments over the last five years and we expect this to continue to grow as an office destination
■ Savills expect end of year take-up to reach 800,000 sq ft, 94% above 2016 and the best year on record.
■ The Leeds office market has been extremely resilient through recent economic shocks with c.19,000 office based jobs being created over the past five years.
■ The tech sector is expected to grow by 5.6% over next five years compared to 2.8% over last five.
■ The 46,000 sq ft Burberry deal signifies the largest office letting in Leeds this year and sets a new rental tone for Leeds at £30 per sq ft.
■ Whilst we expect overseas investors to remain a prominent player in the second half of 2017, we also expect the UK Institutions to resume activity.
■ Leeds is now 100 basis points from its 10-year, prime equivalent yield all time low, representing a good buying opportunity.
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