Leeds Office Space: Uptake Continues
The number of businesses entering serviced office space in Leeds City Centre during 2011 has increased, outstripping 2010 levels by 21% between January ΓÇô October 2011 when compared to the same 10 month period in 2010.
Recorded as part of the on-going commitment to track the trends and changes occurring in serviced office markets across the UK, this latest data reinforces the positive activity recorded previously by officebroker.com in its Serviced Office Review Series.
With Leeds City Centre accounting for 42% of all serviced office locations operating within the LS postcode, the growing number of clients making the move to flexible office space also appears to have influenced price as the flow of new clients continues to increase.
Looking at the average price charged per workstation per month, the cost of taking office space in Leeds City Centre has risen by ┬ú30 per month between January ΓÇô October 2011, with the average workstation price having increased from ┬ú236 in 2010 to ┬ú266.
The upward swing in businesses opting for serviced office space has taken place despite a reduction in the number of enquiries entering the market, which were recorded as being 22% lower in 2011 when compared to 2010.
While fewer businesses are enquiring overall according to officebroker.com, it would appear that the willingness to commit from those that are going to market is notably higher.
It would also appear that the requirements of those businesses entering space has changed, with the average amount of desk space required falling from 4.4 workstations in 2010 to 2.9 workstations in 2011 ΓÇô highlighting the arrival of smaller businesses securing Leeds office space.
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