Prime office rental prices in selected European cities Q3 2019

The statistic displays the rental prices per square meter per year of prime office spaces in selected European cities as of the third quarter of 2019. 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.

Most expensive city for office space

It can be seen that the most expensive prime office spaces were rented out in London, the United Kingdom, according to figures from the third quarter of 2019. Rental cost for prime office properties in London's West End reached a value of 1,369 euros per square meter per year, and in London (City) rental costs reached a value of 882 euros per square meter per year.

Office rents far cheaper in Eastern Europe

The cheapest rental prices for prime office properties, in the cities involved in this study, were found in Bucharest, Romania, as of the third quarter of 2019. Prime office real estate could be rented for 216 euros per square meter per year in Bucharest at that time, almost one sixth of the cost of rental in London's West End.

Rental prices of prime office properties* in selected European cities as of the third quarter of 2019

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Source

Release date

2020

Region

Europe

Survey time period

3rd half 2019

Supplementary notes

* Office rents are for prime city area Grade A space, 2,000 sqm.

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