Real estate prime office rents in London Q2 2019

The price of prime office space in London differs significantly based on location. More central areas including Mayfair and St James’s tend to have prime rents more than double the cost of areas in the outskirts.

London office rents most expensive in Europe

When placing London alongside other major cities in Europe, the West End area of London had annual prime rents over 400 euros per year higher than Paris. In the United Kingdom (UK), average rental costs in the capital fair outweigh those of other areas. Even key located areas such as Reading in the South of England saw annual costs per square meter of under five hundred euros.

Prime Yields

Prime yields assess the return on investment expected for commercial real estate. As of the fourth quarter 2018, Prime yields in London for office real estate sat between four and five percent. During the same year, office prime yields in several other areas in Europe saw far greater returns on investment.

Prime office rental costs in London 2nd quarter 2019, by area

Areas of LondonGBP per square foot
Mayfair & St James110
North of Oxford Street92.5
Knightsbridge87.5
Soho & Covent Garden*86.25
Victoria77.5
Euston & Marylebone75
Paddington72.5
Clerkenwell/ Shoreditch**72.5
Bloomsbury70
Southbank70
City Core68
Midtown67.5
Kensington60
Hammersmith***59
Aldgate & Whitechapel57.5
White City55
Canary Wharf45
Stratford44
Docklands30
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
Source

Release date

August 2019

Region

United Kingdom (England)

Survey time period

2nd quarter 2019

Supplementary notes

The source does not specify whether prices per square foot are annual or monthly.
* Between 85 (Covent Garden) and 87.5 (Soho) British pounds.
** Between 70 (Shoreditch) and 72.5 (Clerkenwell) British pounds.
*** Between 55 and 59 British pounds.

Statista Accounts: Access All Statistics. Starting from $708 / 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 / Month *

Corporate Account
Full access

Corporate solution including all features.

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

Statistics on "London (UK)"

Statista Accounts: Access All Statistics. Starting from $708 / Year
Learn more about how Statista can support your business.