About This Statistic
The statistic displays the rental prices per square meter per year of prime office spaces in selected European cities as of the end of 2016. Office properties generally fulfill a number of criteria in order to be considered "prime properties". These criteria range from good location (in the major commercial centers), to public transport accessibility and energy efficiency of the premises. It can be seen that the most expensive prime office spaces were rented out in London, the United Kingdom, according to figures as of the end of December. Rental cost for prime office properties in London's West End reached a value of 1,324 euros per square meter per year, and in London city rental costs reached a value of 883 euros per square meter per year. The cheapest rental prices for prime office properties, in the cities involved in this study, were found in Bucharest, Romania, as of the end of 2016. Prime office real estate could be rented for 216 euros per square meter per year in Bucharest at that time, less that one sixth of the cost of rental in London's West End.