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CoStar data shows Leeds office demand shifts to Aire Park, driving rent highs

PUBT·04/17/2026 08:59:23
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CoStar data shows Leeds office demand shifts to Aire Park, driving rent highs
  • CoStar analysis showed Leeds office demand shifting south of river toward East Quarter in 2025, led by Aire Park lettings.
  • City Core share of headline leasing activity fell to 60% in 2025 from about 80% five-year average.
  • East Quarter accounted for more than 30% of Leeds CBD leasing activity in 2025, driven mainly by mid-sized transactions at Aire Park.
  • CBD vacancy rate held near 12% over past three years, up from 6% in 2020.
  • CoStar cited withdrawal of older office stock offsetting limited completions at Aire Park, keeping net absorption broadly flat in recent quarters.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. CoStar Group Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 202604170459BIZWIRE_USPR_____20260417_BW361617) on April 17, 2026, and is solely responsible for the information contained therein.