City lags behind market
The Big Nine report, which reviews the regional office market by assessing city centre and out-of-town key performance indicators (including take-up, supply, headline rents and yields), concludes a strengthening regional city office market in 2011, although Leeds is lagging behind.
In terms of take-up, Manchester will comfortably lead the way. However, Leeds will remain subdued due to its reliance on government requirements which didn’t materialise in 2010.