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
(in GBP per square foot)
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.
*Duration: 12 months, billed annually, single license
Yes, let me download!
...and make my research life easier.
Exclusive Corporate feature
This feature is limited to our corporate solutions.
Please contact us to get started with full access to dossiers, forecasts, studies and international data.
Corporate Account
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.
Statista Accounts:
Access All Statistics. Starting from $708 / Year
Learn more about how Statista can support your business.
Cushman & Wakefield. (August 7, 2019). Prime office rental costs in London 2nd quarter 2019, by area (in GBP per square foot) [Graph]. In Statista. Retrieved February 27, 2020, from https://www.statista.com/statistics/323023/real-estate-prime-office-rents-in-london-rental-cost/
Cushman & Wakefield. "Prime office rental costs in London 2nd quarter 2019, by area (in GBP per square foot)." Chart. August 7, 2019. Statista. Accessed February 27, 2020. https://www.statista.com/statistics/323023/real-estate-prime-office-rents-in-london-rental-cost/
Cushman & Wakefield. (2019). Prime office rental costs in London 2nd quarter 2019, by area (in GBP per square foot). Statista. Statista Inc.. Accessed: February 27, 2020. https://www.statista.com/statistics/323023/real-estate-prime-office-rents-in-london-rental-cost/
Cushman & Wakefield. "Prime Office Rental Costs in London 2nd Quarter 2019, by Area (in Gbp per Square Foot)." Statista, Statista Inc., 7 Aug 2019, https://www.statista.com/statistics/323023/real-estate-prime-office-rents-in-london-rental-cost/
Cushman & Wakefield, Prime office rental costs in London 2nd quarter 2019, by area (in GBP per square foot) Statista, https://www.statista.com/statistics/323023/real-estate-prime-office-rents-in-london-rental-cost/ (last visited February 27, 2020)
We use cookies to personalize contents and ads, offer social media features, and analyze access to our website. In your browser settings you can configure or disable this, respectively, and can delete any already placed cookies. For details, please see your browser’s Help section (by pressing F1). Please see our privacy statement for details about how we use data.
