JLL makes its predictions at inaugural event
On 20th January, we hosted our first JLL Yorkshire predictions event at Aspire in Leeds which brought together over 100 business professionals, all interested in gaining an insight in to what's in store for the major city market in the region.
Kicking off the event with an update on the UK economy, Jon Neale went on to give a well-received presentation on Leeds' position in a wider European context.
Jon NealeHead of UK Research
“Regional German cities
such Hamburg and Cologne look most like Leeds from a population and GDP
perspective. Whilst they are richer on a per
capita basis, Leeds is expanding more rapidly;
indeed, it is no exaggeration to say that it is one of the fastest
growing cities in Europe. Leeds owes its dynamism
to its cluster of professional and business
services. Whilst its office and retail markets are thriving – the former in particular is under supplied. The city could capitalise even more on its strengths, however,
if there were improved connectivity within the
city and with other towns and cities across the North of England.”
From the questions from the
floor, and our panellist’s responses, it is clear Leeds and the major cities in
Yorkshire have very positive market fundamentals. We are predicting
regional growth will be the property story of 2015. In Yorkshire, we anticipate
another strong year for commercial property investment, rental increases in the
office, industrial and retail markets and hopefully for Leeds to finally see
its first Private Rented Sector (PRS) scheme in 2015. Read our news release here.
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Watch our videos to find out our headline predictions and views for the year ahead.
Yorkshire Predictions Presentation
Download our presentation slides from the event.
Urban Europe - Leeds
Our new report puts Leeds in the context of similarly sized centres across Europe.