Prime office rental prices in selected European cities Q3 2018

Rental prices of prime office properties* in selected European cities as of 3rd quarter 2018 (in euros per square meter per year)

Prime office rental prices in selected European cities Q3 2018 The statistic displays the rental prices per square meter per year of prime office spaces in selected European cities as of the third quarter 2018. 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 third quarter 2018. Rental cost for prime office properties in London's West End reached a value of 1,217 euros per square meter per year, and in London city rental costs reached a value of 852 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 the third quarter 2018. Prime office real estate could be rented for 222 euros per square meter per year in Bucharest at that time, less that one fifth of the cost of rental in London's West End.
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Rental prices of prime office properties* in selected European cities as of 3rd quarter 2018 (in euros per square meter per year)

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Annual cost per square meter in euros
London West End1,217
London City852
Paris (CBD)840
Zurich705
Moscow693
Dublin673
Geneva661
Milan570
Paris (LD)500
Frankfurt492
Munich443
Edinburgh420
Amsterdam410
Berlin396
Madrid366
Brussels320
Vienna309
Warsaw288
Barcelona270
Prague246
Bucharest222
Annual cost per square meter in euros
London West End1,217
London City852
Paris (CBD)840
Zurich705
Moscow693
Dublin673
Geneva661
Milan570
Paris (LD)500
Frankfurt492
Munich443
Edinburgh420
Amsterdam410
Berlin396
Madrid366
Brussels320
Vienna309
Warsaw288
Barcelona270
Prague246
Bucharest222

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The statistic displays the rental prices per square meter per year of prime office spaces in selected European cities as of the third quarter 2018. 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 third quarter 2018. Rental cost for prime office properties in London's West End reached a value of 1,217 euros per square meter per year, and in London city rental costs reached a value of 852 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 the third quarter 2018. Prime office real estate could be rented for 222 euros per square meter per year in Bucharest at that time, less that one fifth of the cost of rental in London's West End.
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Release date
2018
Region
Europe
Survey time period
3rd quarter 2018
Supplementary notes
* Office rents are for prime city area Grade A space, 2,000 sqm.

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