Leeds Posts Record Construction Levels
Last year was a bumper 12 months for construction in Leeds, with the latest Deloitte Crane Survey revealing that the city is in the midst of its biggest construction boom since 2007.
The Business Desk revealed that there were 21 new construction starts in the city in 2018, with the health and education and the purpose-built student accommodation sectors both posting record levels of activity last year.
The number of residential units under construction in Leeds is also at its highest level since 2007, as is the amount of office space, which hit 804,257 sq ft in 2018. The only time that figure has been bettered was three years ago, when 820,247 sq ft was under construction.
Speaking to the news provider, Nolan Tucker, director of Deloitte Real Estate in Leeds, said the findings of this crane survey are “outstanding”, adding that it indicates the city is “gearing up for the next phase in its development”.
He added that the rise in office accommodation, along with growth in the areas of health and education, as well as the development of a build-to-rent sector in the city is “establishing the perfect environment to support significant economic growth”.
Property Wire pointed out that it’s not only Leeds that is experiencing something of a construction boom. Birmingham, Manchester and Belfast were among the other cities to post high levels of activity in 2018.
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