Leeds office space has seen a fall in demand in the enquiry being reported in the year, this is when an ad with the same period from last year. The leading consultancy and research company is officebroker.com this is the company that has recently released these figures. In 2011 the number of companies that are seeking flexible office space has fallen by around 20%.
Chris Meridith is the head of sales at the company and he has recently commented, “Business are taking less risks and are therefore less keen to test the water. Last year there were a lot of companies on the market looking for deals but now this number has dropped off considerably. There are more businesses who are looking at getting permanent office space in the centre of the city.”
According to the City Focus: Leeds Q3 2011, a quarterly publication which tracks changes in the City’s serviced office market, this increase in clients may have also helped to increase the cost of securing such space, with the average price of a single desk rising from £236 per month in 2010 to £266 per month in 2011.
“Price recovery appears to have been taking place since early 2011 and the report shows that this has continued into Q3” continued Mr Meredith.
“This is to be expected as the steady increase in new clients has continued, with competition for the right office in the right location increasing demand and subsequently cost.”
In contrast, elsewhere in Yorkshire, offices to rent in Sheffield have continued to fall in price despite a 189% increase in the number of businesses moving to serviced offices in Sheffield city centre.