KNOWLEDGE CENTRE

Smaller businesses and higher prices were recorded in Central Leeds during 2011

Leeds City Centre

Despite an increase in the average cost of serviced office space in Leeds city centre, which rose from £228 to £243, the overall number of individual businesses securing space within the city centre decreased during 2011 – falling by 11% on 2010 levels.

It is also worth noting that those businesses that did secure serviced space in Leeds city centre had smaller requirements, with an average take-up of 2.9 workstations compared to the average of 4.1 workstations secured in 2010 - this could suggest that those businesses taking space have been opting for higher grade offices.

Download the report: City Focus: Leeds Q4 2011

Sheffield City Centre

In contrast to its neighbour, the number of businesses enquiring about and securing serviced offices in Sheffield city centre increased in 2011 – rising by 2% and 69% respectively.

The increased number of businesses entering serviced offices means that the overall volume of serviced space secured in Sheffield city centre was 52% higher in 2011 than during the same 12 month period of 2010.

While a greater number of businesses moved to serviced offices in 2011, the cost of acquiring this space appears to have decreased, with the average workstation price falling to from £205 in 2010 to £171 during 2011.

Download the report: City Focus: Sheffield Q4 2011

You can also view our report detailing activity across the Yorkshire & Humberside region HERE.