Real estate prime office rents in London Q4 2018
Prime office rental costs in London 4th quarter 2018, by area (in GBP per square foot)
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 4th quarter 2018, by area (in GBP per square foot)
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| Areas of London | GBP per square foot |
|---|---|
| Mayfair & St James | 110 |
| North of Oxford Street | 92.5 |
| Knightsbridge | 87.5 |
| Soho & Covent Garden* | 86.25 |
| Victoria | 77.5 |
| King's Cross | 77.5 |
| Euston & Marylebone | 75 |
| Paddington | 70 |
| Bloomsbury | 68.5 |
| City Core | 67.5 |
| Midtown | 67.5 |
| Clerkenwell/ Shoreditch** | 66.5 |
| Southbank | 66 |
| Kensington | 60 |
| Hammersmith | 59 |
| Aldgate & Whitechapel | 57.5 |
| White City | 50 |
| Canary Wharf | 42.5 |
| Stratford | 42.5 |
| Camden | 40 |
| Docklands | 30 |
Source
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Statistics on "Real estate in the United Kingdom"
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