Summary and analysis of Leed's current office real estate market conditions.
Insight
Leeds Office Market Dynamics, Q2 2025
The leasing market was steady in H1 2025, with 325,600 sq.ft. transacted. Activity was driven by the public administration sector.
Supply continued to moderate in Q2, with both Grade A and new build vacancy rates declining.
The development pipeline is muted, with only 77,000 sq.ft. currently under construction in one scheme.