Prime office rental prices in selected European cities Q4 2018
Rental prices of prime office properties* in selected European cities as of 4th quarter 2018 (in euros per square meter per year)
The statistic displays the rental prices per square meter per year of prime office spaces in selected European cities as of the fourth 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 fourth quarter 2018. Rental cost for prime office properties in London's West End reached a value of 1,260 euros per square meter per year, and in London (Oxford street) rental costs reached a value of 840 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 fourth 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.
Rental prices of prime office properties* in selected European cities as of 4th quarter 2018 (in euros per square meter per year)
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| Annual cost per square meter in euros | |
|---|---|
| London West End | 1,260 |
| London (Oxford Street) | 840 |
| Paris | 840 |
| Zurich | 732 |
| Moscow | 695 |
| Dublin | 673 |
| Geneva | 666 |
| Milan | 570 |
| Frankfurt | 516 |
| Amsterdam | 475 |
| Berlin | 468 |
| Munich | 434 |
| Madrid | 366 |
| Hamburg | 324 |
| Brussels | 320 |
| Vienna | 309 |
| Budapest | 294 |
| Warsaw | 288 |
| Barcelona | 270 |
| Prague | 264 |
| Bucharest | 222 |
Source
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Statistics on "Office real estate in Germany, Benelux and Nordics"
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