Flexible and creative workspace is coming to Leeds' Park Row with Knight Frank

The Leeds office of Knight Frank has acquired 25,000 sq ft of Grade A space at 7 Park Row on behalf of Spaces.

Spaces is an international provider of creative workspace. 7 Park Row, formerly the Leeds headquarters of Lloyds Bank, is situated in Leeds’ professional quarter and totals 40,700 sq ft. It is owned by CBRE Global Investors, which is leasing 25,000 sq ft to Spaces.

Eamon Fox, partner and head of office agency at Knight Frank, explained: “There is no doubt that flexible working is an idea whose time has come.

“That is why this instruction from Spaces is so significant for Leeds. Spaces already has office space in London, Manchester and Bristol - now it’s Leeds’ turn.”

Eamon explained: “The concept of an office space is forever evolving. What formerly passed for adequate - a desk, a chair and a computer - simply doesn’t cut it anymore.

“Employees increasingly demand higher-quality services and amenities and value more community space. New generations entering the workforce have different expectations of the office environment, particularly the under-35s, challenging the way in which we work.”

Spaces was founded in 2008 and now has 207 offices across 45 countries.

Matt Aubrey, development director of North at Spaces, added: “Demand for flexible office space is growing rapidly. This is particularly so in Leeds, which continues to attract new businesses and entrepreneurs from across the world.

“Our research shows that 53 per cent of professionals globally now work remotely for at least half their working week and 30 per cent of corporate real estate portfolios could be flexible workspace by 2030.

“Spaces is helping to supply this demand and drive a workspace revolution across the capital and the country.”

The Leeds office of Savills acted for the landlord.

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