Flex space UK Research | 28 Leeds Market overview


In line with some of the other Big 6 markets, Leeds has witnessed strong recent flex space activity. Although it has not advanced at the same rate as Manchester and Birmingham, the sector has grown noticeably over the past 2 years. Over 140,000 sq ft was transacted in 2017 and 2018.


Leeds is home to a handful of established national operators such as Regus and Orega, but also local operators including Gilbanks and Wizu Workspace. Furthermore, Bruntwood operates a government assisted tech hub in its Platform building, enhancing the development of the sector.


A key highlight in late 2018 was the announcement of Channel 4’s pending arrival in Leeds for a new national HQ, moving 200 plus staff to the region ahead of Birmingham and Manchester. Although not significant in terms of size, it is politically resonant, endorsing Leeds as a major creative industries hub and encouraging supporting companies to follow them, with flex space operators well positioned to take advantage of any new entrants.


Flex take-up, 2014-18


10 20 30 40 50 60 70


0 2014 Source: JLL 2015 2016  Leeds flex take-up 2017 2018 1Relates to office-based proxy sectors Demographics (Primary Urban Area)


Population 789,950


Numbers employed in technology


(Primary Urban Area) 19,800 Self employed1 (Primary Urban Area) 22,200


Key flex transactions 2017-2019 Operator


Avenue HQ Tech Hub


Regus Gilbanks


Our Space Source: JLL


Address 10-12 East Parade


Platform, New Station Street


Pinnacle, Albion Street


1 Park Row 26 East Parade


Size, sq ft 30,527 29,396


20,344


19,838 12,000


Largest operators Operator


Regus Bruntwood


Bracken Business Centres


Avenue HQ


The Office Group Source: JLL


Flex market


Flex office stock 455,000 sq ft


Average flex operator size


19,800 sq ft


Flex share of office stock


3.8%


Space occupied, sq ft No. of locations 88,342 63,500 38,480


3 2 2


30,527 30,000


1 1


Sq ſt thousands


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