Leeds rises up the ranks as major tech sector destination

Office take up remains strong in Leeds, says CBRE
Alexy Hailey

Leeds has been revealed as the major regional hub for the creative industries in Yorkshire, according to the latest ‘Tech Cities’ report from CBRE.

The report, which ranks the top UK locations outside of London for tech business, sound that Leeds is a major UK tech destination haven risen from tenth to sixth position in the new CBRE UK Top 24 rankings.

The new report provides a fresh update of CBRE’s top 25 UK destinations beyond London for tech businesses. By applying the same methodology as the original ranking, various shifts have been identified in the top UK cities’ creative and tech profiles over the last 2 years.

All markets analysed were scored and ranked according to a wide range of locational pull factors for tech businesses, such as level of education, concentrations of tech businesses and employment, cost of living, cost of office space and wage levels.

The new updated ranking shows the significance of Leeds as a strong creative and tech sector location in comparison to other UK cities.

As a tech sector destination Leeds has much to offer. The city offers great choice and a strong quality of life in terms of urban lifestyles or rural environments and accommodates a number of creative tech clusters.

Leeds benefits from good transport links, a young, highly educated talent pool and strong university research ratings. It also offers attractive business rates and office rents, as well as competitive labour costs and relatively low cost of living compared to London and many South East locations.

“It’s fantastic to see Leeds recognised as a major regional hub and a UK tech sector destination,” said Alex Hailey, Director of CBRE’s Office Agency team in Leeds.

“Take up from the tech sector has grown year on year in Leeds since the end of the financial crisis and we envisage this growth to continue.

“With 38,900 graduates annually and home to 2 world class business schools, 9 universities and 14 further education colleges, Leeds has the emerging workforce to continue to fuel this growth.

“We’re also seeing changes in building design with a greater emphasis on collaborative working, flexibility and wellbeing to provide the perfect working environments for these tech businesses to flourish.”