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The office real estate market in London - statistics & facts

Along with New York, Hong Kong, and Singapore, London is one of the leading financial centers worldwide. The megacity is the biggest contributor to the United Kingdom (UK) economy and its real estate market is one of Europe's most active. According to industry experts, London holds a leading position among top European cities by overall development and investment prospects.

Office real estate, along with logistics and retail, is a subsector of the commercial non-residential property sector. The office real estate market includes any investment into the subsector, such as new construction and developments, refurbishments, reselling and leases. Multiple factors can play a role in the decision to choose a city for investment and development, some of which are transport connectivity, forecasted real estate returns, a city’s economic performance, availability of assets/opportunities for new development, market size and liquidity, regulatory environment, digital connectivity, attractiveness to talent, city leadership, housing affordability, and affordability of space for new/small/growing businesses.

As of the beginning of 2020, Central London was one of the three top destinations for office real estate investment along with Paris and Germany's four largest cities Berlin, Hamburg, Munich, and Frankfurt, attracting investment worth approximately 4.4 billion euros. Due to the effects of the coronavirus (COVID-19) pandemic and Brexit, investments have significantly decreased during the first three quarters of 2020. Leasing activity has also been impacted with take-up of office space declining and prime office vacancy rates on the rise. Nevertheless, vacancy rates in certain Central London areas remain below the long-term average, showing that demand for office space has not ceased. At approximately 1.34 thousand euros per square meter as of the third quarter of 2020, Central London annual rental costs top the ranking of leading European cities.



Key figures

The most important key figures provide you with a compact summary of the topic of "Office real estate in London" and take you straight to the corresponding statistics.

Investment in office real estate

Rental costs

Yield

Interesting statistics

In the following 6 chapters, you will quickly find the 34 most important statistics relating to "Office real estate in London".

Office real estate in London (UK)

Dossier on the topic

All important statistics are prepared by our experts – available for direct download as PPT & PDF!
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The office real estate market in London - statistics & facts

Along with New York, Hong Kong, and Singapore, London is one of the leading financial centers worldwide. The megacity is the biggest contributor to the United Kingdom (UK) economy and its real estate market is one of Europe's most active. According to industry experts, London holds a leading position among top European cities by overall development and investment prospects.

Office real estate, along with logistics and retail, is a subsector of the commercial non-residential property sector. The office real estate market includes any investment into the subsector, such as new construction and developments, refurbishments, reselling and leases. Multiple factors can play a role in the decision to choose a city for investment and development, some of which are transport connectivity, forecasted real estate returns, a city’s economic performance, availability of assets/opportunities for new development, market size and liquidity, regulatory environment, digital connectivity, attractiveness to talent, city leadership, housing affordability, and affordability of space for new/small/growing businesses.

As of the beginning of 2020, Central London was one of the three top destinations for office real estate investment along with Paris and Germany's four largest cities Berlin, Hamburg, Munich, and Frankfurt, attracting investment worth approximately 4.4 billion euros. Due to the effects of the coronavirus (COVID-19) pandemic and Brexit, investments have significantly decreased during the first three quarters of 2020. Leasing activity has also been impacted with take-up of office space declining and prime office vacancy rates on the rise. Nevertheless, vacancy rates in certain Central London areas remain below the long-term average, showing that demand for office space has not ceased. At approximately 1.34 thousand euros per square meter as of the third quarter of 2020, Central London annual rental costs top the ranking of leading European cities.



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