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Leeds and Sheffield's mixed fortunes in office market
A tale of two cities varying success in 2009.
Posted at 11:56 on 02/07/2010
The office markets in Leeds and Sheffield enjoyed contrasting fortunes in 2009, according to a report by property consultancy Lambert Smith Hampton.
Take-up in Leeds dropped to 37 per cent below the ten-year trend level at 632,122 sq ft, while Sheffield rose by 9 per cent above its same mark to 386,885 sq ft.
However, prime rental values have remained robust and continued to grow in Leeds, but city centre rents have fallen by 7 per cent in Sheffield over the last 15 months.
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