In another challenging year of uncertainties and change, Leeds City Centre is demonstrating resilience. Significant progress is being made in creating an inclusive, liveable and connected city centre, that is also fostering innovation. Effectively communicating the unique strengths and opportunities Leeds has to offer is becoming increasingly important in articulating a clear vision for sustainable and inclusive growth.
Leeds continues to demonstrate its resilience and ambition even amidst a challenging economic backdrop. The latest Crane survey figures reflect the city’s ongoing commitment to inclusive and sustainable growth, with significant development and investment happening across the city.
Councillor James Lewis, leader of Leeds City Council
The 2025 Leeds Crane Survey reveals a tale of two sectors, with residential development thriving amidst a broader recalibration in the city's construction landscape. While 11 new projects commenced construction in 2024 across all sectors, marking a third consecutive year of decline and the lowest number since 2013, residential activity remains robust. This is highlighted by the five new residential schemes launched, matching the Crane Survey average of 5.5, and the record-breaking number of residential units predicted for completion in 2025 and 2026. This sustained momentum underscores Leeds's attractiveness as a hub for city centre living.
However, the dynamism in residential contrasts sharply with other sectors, in which new construction starts have slowed. Of the 11 new projects underway, eight are dedicated to residential or student housing, with only two new office schemes breaking ground. This slowdown in office and other commercial development reflects a broader trend of economic uncertainty and evolving occupier needs, prompting a period of reflection and adjustment within the Leeds development market.
on-site, below the Leeds Crane Survey average of 14
are residential or student residential
started construction
and 19 completions
Despite economic uncertainty impacting office development, Leeds demonstrates resilience through a growing innovation sector, attracting large institutions such as the Financial Conduct Authority (FCA), and fostering a thriving business ecosystem exemplified by the Innovation Arc.
Strong residential development concentrated in the City Core and South Bank demonstrates Leeds's commitment to liveability and connectivity, creating a thriving, walkable, and well-connected urban environment.
Leeds's focus on inclusive growth is evident in its diverse housing, revitalised retail core, and significant education investment, aiming to create a welcoming destination for everyone, fostering a resilient and equitable urban environment.