Leeds prime rents are typically around £30 per sq ft, comparing favourably with Manchester, Edinburgh, Bristol and Birmingham, and are significantly lower than London Grade A office rents, which range from £45 to £112 per sq ft.
Value for money
With a highly-skilled workforce, competitive business premises and an affordable local property market, Leeds City Region offers employers excellent value for money for long term growth when considering establishing or relocating a business.
A leading centre for business
Leeds was named one of the best cities in Europe to locate a business by global commercial properties consultants Cushman & Wakefield. In a report of over 35 European cities, Leeds ranked in the top three cities for value of office space.
Leeds gives employers access to a highly-skilled workforce at a significant discount to London. Over 35% of the Leeds population is educated to degree level, while Leeds salaries are on average 73% those paid in the capital, and salaries for the wider Leeds City Region are 69% those of London.
Property across Leeds City Region is affordable, with the average detached home in Leeds City Region is over £220,000 cheaper than the average London flat. This means so employees are able to buy property and settle for the long term, benefitting from a higher quality of life.
Commitment to future value
In 2014 Leeds City Region secured £1bn Growth Deal with the UK government. This includes £537m between 2015-2021 to deliver an ambitious growth agenda, and a further £420m to deliver the West Yorkshire Transport Fund.
Major property and land regeneration projects are already underway. Projects like the Leeds City Region Enterprise Zone and the Bradford City Centre Growth Zone demonstrate the Leeds City Region's commitment to continued value, opening up new opportunities for long-term business growth.
Plus with incentives like the Assisted Area Enhanced Capital Allowance, Employment and Skills Fund and the Business Growth Fund, support is already in place for businesses who locate here.
How Leeds City Region Enterprise Partnership can help you
With access to hard economic facts, case studies from leading companies and business support packages available, find out how we can help you make the case for investing in Leeds City Region. Contact our experts for more information.