UK: real estate prime office rent prices in selected cities Q3 2019

In order to be considered prime property, office properties need to fulfil criteria such as good location, accessibility, and energy efficiency of the premises. The United Kingdom (UK) is one of the biggest European commercial real estate markets.

Average prime office rent in the UK

As of September 2019, Reading was the most expensive location within the UK for prime office rents outside of London, with the average price reaching 468 euros per square meter per year. This was followed by Manchester, Bristol and Edinburgh. The London prime office market led not only the UK, but also the European ranking with annual prime rent as high as 1,369 euros per square meter in the London West End and 882 euros per square meter in London City.

Prime office rental growth and yield

Many cities in Europe registered prime rental growth in the second quarter of 2019, with Barcelona, Milan and London topping the ranking at 10.2, 9.1 and 7.5 percent. Another indicator for the prime office market is yield, which shows the return on investment and is calculated as the ratio of rent and purchase price. When looking at office yields in Europe, it is clear that many Eastern European countries scored much higher yields compared to big markets such as the UK, Spain, Germany and France.

Rental cost of prime office space in selected cities in the United Kingdom (UK) as of September 2019 (in euros per square meter per year)*

Loading statistic...
You need to log in to download this statistic
Register for free
Already a member?
Log in
Show detailed source information?
Register for free
Already a member?
Log in

Release date

October 2019


United Kingdom

Survey time period

September 2019

Supplementary notes

* Excluding London.

Statista Accounts: Access All Statistics. Starting from $468 / Year
Basic Account
Get to know the platform

You only have access to basic statistics.

Single Account
Your perfect start with Statista
  • Instant access to 1m statistics
  • Download in XLS, PDF & PNG format
  • Detailed references
$59 $39 / Month *
in the first 12 months
Corporate Account
Full access

Corporate solution including all features.

* All products require an annual contract; Prices do not include sales tax.

Statistics on "Real estate in the United Kingdom"

Statista Accounts: Access All Statistics. Starting from $468 / Year
Learn more about how Statista can support your business.