Leeds has evolved from losing much of it's former importance in clothing and engineering to embrace the service economy, becoming the major legal centre outside of London with a heavy emphasis on the knowledge economy, which has brought many highly paid professional jobs to the city. More recently the big global accountancy firms have also located major offices in the city, where like the legal profession, they can find a qualified workforce at much less than London rates to do their “heavy lifting”.
Leeds Retail Property
In retail Leeds has consistently been ranked as one of the UK’s top five retail destinations, while Briggate, Commercial Street and Albion Street are in the top 15 UK streets for the level of footfall. Traditional shopping can be found at Kirkgate Market, while number of speciality shopping attractions such as the Corn Exchange and Victoria Quarter give range to the normal offerings.
Harvey Nichols chose Leeds as the location for its first store outside London. In April 2013 the opening of the Trinity Leeds Shopping Centre, a £350 million development with 120 stores and restaurants, improves the covered shopping on offer while the even larger Eastgate Quarters development planned appears likely to proceed. Prime high street rents in Leeds are inline with London at around £250 psf.
Between Leeds and Bradford the White Rose Centre attracts 12 million visitors each year.
Office Property in Leeds
Leeds hosts major offices for HSBC ( First Direct), Lloyds Banking Group, Santander, KPMG, Deloitte, Ernst & Young and PwC, many of whom also have major call centres to support their customers in the city. One reason for this is the abundant supply of office space at around £25psf in the centre and half that in the adjacent areas.
Thorpe Park at M1 J46 has become a major out of town business location with more than the 60 occupiers, there are leading names such as IBM, National Grid, GE Capital, Vinci, BAM and United Utilities.
Leeds has also established itself as the No2 internet communications hub in the UK, with more than one third of the UK internet traffic passing through it. All this means that office space in Leeds is in big demand from new media agencies and IT companies who wish to plug straight into the backbone of the internet. Properties like Round Foundry and Holbeck Urban Village cater to this requirement.
On UKBusinessProperty, there is a range of commercial properties broken down by type in Leeds to either rent or buy. We aim to offer any commercial property listings in Leeds including any available shops, offices, warehouses and hotels. So why delay, have a look at our commercial property listings in Leeds and possible find a new home for your business.