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JLL Property Predictions 2015: Yorkshire

​What's in store for Yorkshire's property market?

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 Neale
Head 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.