Average size of office floor space in central London (UK) 2018, by submarket

In London, the average size of floor space in offices in 2018 varied from under eight thousand square feet to approximately 35 thousand square feet. In 2018, Central London saw office vacancy rates fell by over one percent. In terms of areas, Southbank had the lowest vacancy rates in London.

Prime rents

London is notoriously an expensive city to rent commercial and residential space. In some areas of the city, prime rents can be more than one hundred British pounds per square foot, with the London West End seeing the highest rents for office space in Europe.

Commercial investments

Between the 1st and 3rd quarter of 2018, the United Kingdom (UK) saw commercial investments reach 37 billion euros. Even though the United Kingdom saw the highest commercial investments in Europe, in terms of investment prospects, London does not even make the list.