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
Soho & Covent Garden*86.25
Euston & Marylebone75
Clerkenwell/ Shoreditch**72.5
City Core68
Aldgate & Whitechapel57.5
White City55
Canary Wharf45
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Release date

August 2019


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.

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Statistics on "London (UK)"

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