Recent data highlights Leeds as the strongest-performing office market among the UK’s major regional centres, recording the lowest vacancy rates when compared with cities including London, Manchester, Birmingham and Glasgow.
As reported by CoStar Group in December 2025, Leeds continues to outperform its peers, with vacancy levels remaining materially below other major markets across all recorded periods. While vacancy rates nationally have trended upwards since 2020, Leeds has shown notable resilience, underpinned by sustained occupier demand and constrained supply.
In December 2025, Leeds’ office vacancy rate stands at approximately 6.6%, the lowest of all markets shown. This compares favourably against London (circa 10.5%), Manchester (circa 10.7%) and Glasgow (circa 12.4%). Even traditionally tight markets such as Cambridge and Edinburgh now sit above Leeds, reinforcing the city’s position as a leading regional office location.
This performance reflects Leeds’ continued appeal to a broad occupier base, including professional services, financial institutions, technology firms and public sector organisations. Competitive occupational costs, a strong talent pool and excellent regional and national connectivity continue to drive inward investment and office take-up, particularly for high-quality accommodation.
For landlords, the tight vacancy environment is supporting rental stability and, in prime locations, continued rental growth. Well-specified, ESG-compliant buildings remain particularly sought after, with limited availability placing upward pressure on rents. Assets offering strong sustainability credentials, modern specifications and high-quality amenities are outperforming the wider market.
For occupiers, competition for quality space is increasing, especially within the city centre core and established out-of-town business districts. Early engagement and flexibility around lease terms are becoming increasingly important. Many occupiers are now required to compromise either on timing, specification or location in order to secure suitable space.
Looking ahead, the development pipeline remains relatively limited, particularly for new Grade A schemes, suggesting vacancy rates are likely to remain tight in the short to medium term. As a result, both landlords and occupiers will need to adopt proactive strategies to navigate the evolving market conditions.
Henry Bowers, Agency Surveyor, commented: “We’re seeing strong demand for Grade A and best-in-class refurbished space, with limited options available. Occupiers who delay decision-making risk missing opportunities, while landlords with well-located stock are in a strong negotiating position.”
To contact Bradley Hall’s Yorkshire office, visit: https://www.bradleyhall.co.uk/branches/leeds/
