Prime office rental prices in selected European cities Q4 2021

The annual rental prices per square meter of prime office spaces varied greatly across different European cities as of the fourth quarter of 2021. 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. Rental cost of prime office properties in London reached a value of 1,492 euros per square meter per year. Paris and Stockholm completed the top three with rental rates of 930 and 711 euros respectively.

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. Prime office real estate could be rented for 228 euros per square meter per year in Bucharest at that time, almost one sixth of the cost of rental in London's West End.