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Leeds set for Grade A office shortage by 2012
Grade B office space to be refurbished and bridge the potential supply gap according to report
Posted at 14:22 on 03/06/2010
A shortage of Grade A office space under construction in Leeds will create an opportunity for Grade B office space to be refurbished and bridge the potential supply gap, according to a report by property consultancy Jones Lang LaSalle.
Leeds has 1.38m sq ft of available office space, a situation which has led to only 40,000 sq ft of Grade A space currently in development.
Jones Lang LaSalle said a return to even moderate levels of Grade A take-up will result in a shortage of supply by 2012.
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