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Office rents of grade A property in the Midlands (UK) 2019, by area

This Statistic shows the average cost of grade A and grade B office rents in the Midlands in England (United Kingdom) per square foot.

In the Midlands, prime rents for office space fluctuate depending on their location. In 2019, the cost of grade A office property in Birmingham was 34 British pounds per square foot and 23.5 British pounds for grade B. The cheapest average office rents in the Midlands could be found in Stafford and Telford.

Cost of rent of grade A and grade B office real estate in the Midlands (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."

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

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