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 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. In 2019, 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 headline office rental costs in London in 3rd quarter 2021, by area
(in GBP per square foot)
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Knight Frank. (October 26, 2021). Prime headline office rental costs in London in 3rd quarter 2021, by area (in GBP per square foot) [Graph]. In Statista. Retrieved May 25, 2022, from https://www.statista.com/statistics/323023/real-estate-prime-office-rents-in-london-rental-cost/
Knight Frank. "Prime headline office rental costs in London in 3rd quarter 2021, by area (in GBP per square foot)." Chart. October 26, 2021. Statista. Accessed May 25, 2022. https://www.statista.com/statistics/323023/real-estate-prime-office-rents-in-london-rental-cost/
Knight Frank. (2021). Prime headline office rental costs in London in 3rd quarter 2021, by area (in GBP per square foot). Statista. Statista Inc.. Accessed: May 25, 2022. https://www.statista.com/statistics/323023/real-estate-prime-office-rents-in-london-rental-cost/
Knight Frank. "Prime Headline Office Rental Costs in London in 3rd Quarter 2021, by Area (in Gbp per Square Foot)." Statista, Statista Inc., 26 Oct 2021, https://www.statista.com/statistics/323023/real-estate-prime-office-rents-in-london-rental-cost/
Knight Frank, Prime headline office rental costs in London in 3rd quarter 2021, 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 May 25, 2022)
