Helmsley Group has secured 42,000 sq ft of prime office lettings in York, marking a significant boost in the city’s office market.
The property investment and development specialist said that demand for office space in York has seen a resurgence as businesses return to in person and hybrid working models.
Recent lettings include co-working space business Patch opening its first York site in the Grade II-listed Bonding Warehouse, flexible workspace provider Wizu leasing 24,500 sq ft of East Coast House and NHS service provider Nimbuscare Ltd moving into Holgate Business Park’s Gateway 1.
These successes follow York-based Helmsley Group’s recent planning approval for the transformation of the city’s Coney Street. The regeneration of this area will see the creation of Coney Street Riverside, bringing extensive public realm and 250,000 sq ft of mixed-use retail, leisure, commercial and residential space to the heart of York.
Head of Asset Management at Helmsley Group, Alexia Swift-Cookson, said: “It’s been fantastic to see increased demand for office space in York and we’re proud to be providing national brands and organisations with offices in York.
“In reaction to changing workplace models impacted by the pandemic, we look forward to continuing this momentum, bringing workers back into the city and reaping the benefits this will bring to local businesses and the city’s economy.”
Head of Commercial Agency at Colenso Property, James Ratcliffe, added: “In today’s landscape, businesses are looking for a sense of community and reasons why employees will want to be in the office.
“With developments like Coney Street Riverside on the horizon, we’re seeing more and more businesses looking to get back into the hub of the city and to be in and amongst York’s vibrant community.”
Chair of the York and North Yorkshire Chamber Property and Economic Forum, Steve Secker said: “These deals demonstrate that York is a fantastic place for an office, feedback which is echoed by many of our members.
“We commend Helmsley Group on securing these strong lettings and for its positive work across the city, including on its forthcoming Coney Street Riverside development.
“There is a strong demand for high-quality office space in the city and this is backed up with progress on the York Central regeneration project, which will create more new office and commercial space.”
Work is expected to begin on the first zone of Coney Street Riverside this summer, regenerating an underused area of the city to create a public realm of national and international standing.
