Leeds’ office market opened 2025 with solid momentum, showing sustained demand and upward rental pressure in both city centre and out-of-town locations, according to figures from the Leeds Office Agents Forum (LOAF).
A total of 241,282 sq ft of office space was taken up in the city centre between January and March, closely matching the 249,703 sq ft recorded during the same period last year. LOAF tracked 25 city centre deals during the quarter, with the most significant transaction being Network Rail’s acquisition of 108,576 sq ft at Princes Exchange, adjacent to Leeds Railway Station.
Emerging city centre locations like Aire Park are also gaining traction. Two notable lettings were completed at 3 South Bank Street—23,270 sq ft to Interactive Investor and 23,261 sq ft to TPT Retirement Solutions—highlighting the shift toward high-quality office hubs in new districts.
Out-of-town activity surged, with 94,861 sq ft transacted across 26 deals—a 140% year-on-year increase. The quarter’s most significant suburban letting was 2 Work’s commitment to 19,513 sq ft at White Rose Park. This was followed by Trimble UK taking 13,617 sq ft at Trimble House on Gelderd Road.
Grade A office rents in the city centre continued to climb, driven by limited availability. As pricing tightens, high-spec suburban locations are likely to see increased attention from occupiers seeking quality space outside the city core.
The data reflects a growing interest in premium workspaces across Leeds, suggesting a competitive environment for businesses seeking well-located and high-quality office space.
