Though demand for office space has made Shoreditch the “most expensive tech distract in the world”, Leeds has been hailed as an emerging digital hub.
The 2018 Global Cities report from Knight Frank analyses the cost of office space in the tech and creative districts of the world’s leading cities.
Demand for trendy office space in Leeds is increasing sharply, it found, making Leeds an emerging digital hub in the north of England.
The example of the pioneering Round Foundry, which transformed a historic, but derelict area of the city into a thriving 21st business location, has fuelled the desire for cutting edge office space, combining a heritage setting with modern technology, says Knight Frank.
“The Round Foundry, with its ground-breaking mix of the ancient and modern, has led the way in Leeds,” said Eamon Fox, partner and head of office agency at Knight Frank in Leeds.
“Our future offices must break the mould of the past two decades,” he added.
“If organisations want to attract the best and keep their workforce, they need to create spaces that their staff will want to work in.”
Mr Fox cites the £1.5 million refurbishment of Concordia Works in Sovereign Street, close to Sovereign Square on the banks of the River Aire, as a solution to the increasing demand for trendy office space in Leeds.
“The 13,922 sq ft Concordia Works is a unique and striking property, set over five floors and situated just a short walk from Leeds City Station and the main retail heart of the city,” he said.