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Office rents of grade B property in Southern England (UK) 2019, by area

In the South of England, rents for office space fluctuate depending on its location. This was especially present for areas surrounding London. For companies looking for more affordable rents, some choose to rent Grade B office properties. For specific areas of Southern England, Grade B rents are often more than ten British pounds per square foot cheaper than Grade A properties. In 2019, the cost of grade B office property was the most expensive in Bristol, in the South West of England at 30 British pounds per square foot. The cheapest average office rents in the South of England could be found in Norwich and Peterborough.

Compared to London, even the most expensive office rents for Grade A and B real estate were far less than the top of London. In 2019, the most expensive office rents were found in the West End of London.

Cost of rent of grade B office real estate in Southern England (United Kingdom) in 2019, by area

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Source

Release date

2020

Region

United Kingdom (England)

Survey time period

2019

Supplementary notes

The source adds the following information: "Figures shown are estimates of achievable open market rents (£ per sq ft) for each location as at June 2019, assuming normal incentives. Rents apply to units of 10,000 sq ft (929 sq m) taken for a 10 year term certain."

* Grade B rents apply to second-hand units built during the 1990s.

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