Summary and analysis of Leed's current office real estate market conditions.
Insight
21 May 2025
Leeds Office Market Dynamics, Q1 2025
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The leasing market was buoyant, with 241,300 sq.ft. transacted in Q1.
Supply decreased over the quarter, with new build vacancy falling from 2.1% to 1.4% over the quarter.
Development pipeline is muted, with 112,000 sq.ft. currently under construction with 52% already pre-let.