Real estate prime headline office rents in London 2021-2022

The price of prime office space in London differs significantly based on location. More central areas including Marylebone and Knightsbridge 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 500 euros per year higher than Paris. In the United Kingdom (UK), average rental costs in the capital fair outweigh those of other areas. Outside of London, the major cities saw prime office rents ranging between 26 British pounds per square foot and 39 British pounds per square foot.

Prime Yields

Prime yields assess the return on investment expected for commercial real estate. In 2021, 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.