Leeds ranks above Manchester for office costs, research finds
Cost of office space in Leeds is most expensive in the north, study finds
Leeds ranks above Manchester for office costs, research finds
Leeds is the most expensive of four Northern cities in a new UK office cost ranking, with desks costing more than in Manchester.
A new report from FreeOfficeFinder compared average monthly desk prices in private serviced offices across 19 selected UK towns and cities.
Leeds ranks seventh nationally at £343 per desk a month, compared with £326 in Manchester, £262 in Liverpool, and £209 in Newcastle.
According to the Office for National Statistics (ONS), more than a quarter of working adults in the UK split their working week between home and the workplace.
Since the Coronavirus pandemic, attendance patterns have shifted heavily in favour of a hybrid-working model for numerous businesses.
“Where you base your business, and even which part of the city, can make a difference of hundreds of pounds a month,” said Nick Riesel, Managing Director of FreeOfficeFinder.
“It pays to compare before you sign.”
Financial and professional services account for around 40% of Leeds’ total economic output, according to Leeds City Council.