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Investment boost for office space in Leeds, as well as southern areas

Property investors who focus on creating office space are beginning to target regional centres outside the capital, according to research.

Jones Lang LaSalle, a property consultancy, found that Leeds and other large cities were now seeing a boost to investment alongside traditional business centres in London and the south-east.

Although the traditional areas were still topping the tables, the property consultancy said it expected interest to increase for other areas, despite a recent dip in take-up of office space, Insider Media reported.

Matthew Atkinson, associate director at Jones Lang LaSalle, said: “Whilst office investment volumes in Leeds, along with the key regional markets, were relatively weak in the first three months of the year, we anticipate we will see rising activity in a wider range of markets this year.”

Meanwhile, building programmes for office space in London have also increased, but analysts say they are concerned there still will not be enough to meet demand over the next few years.