The cost of rent in London is notoriously more expensive as compared to the rest of the United Kingdom (UK), with office rents being no different. In 2019, the cost of prime Grade A rent per square foot ranges from 120 British pounds in the West End to 23 British pounds in the Heathrow area.
Grade B property also fluctuated in costs, with a discrepancy 65.5 British pounds between the most expensive and cheapest areas for office space in London.
Cost of rent of office real estate in London (United Kingdom) in 2019, by grade
(in GBP per square foot)
The source adds the following information: "Figures shown are estimates of achievable open market rents (£ per sq ft) for each location as at June 2019, assuming normal incentives. Rents apply to units of 10,000 sq ft (929 sq m) taken for a 10 year term certain."
* Prime rents apply to new units. ** Grade B rents apply to second-hand units built during the 1990s.
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Colliers International. (April 5, 2020). Cost of rent of office real estate in London (United Kingdom) in 2019, by grade (in GBP per square foot) [Graph]. In Statista. Retrieved December 21, 2024, from https://www.statista.com/statistics/1009934/grade-a-and-grade-b-office-rents-in-london-by-area/
Colliers International. "Cost of rent of office real estate in London (United Kingdom) in 2019, by grade (in GBP per square foot)." Chart. April 5, 2020. Statista. Accessed December 21, 2024. https://www.statista.com/statistics/1009934/grade-a-and-grade-b-office-rents-in-london-by-area/
Colliers International. (2020). Cost of rent of office real estate in London (United Kingdom) in 2019, by grade (in GBP per square foot). Statista. Statista Inc.. Accessed: December 21, 2024. https://www.statista.com/statistics/1009934/grade-a-and-grade-b-office-rents-in-london-by-area/
Colliers International. "Cost of Rent of Office Real Estate in London (United Kingdom) in 2019, by Grade (in Gbp per Square Foot)." Statista, Statista Inc., 5 Apr 2020, https://www.statista.com/statistics/1009934/grade-a-and-grade-b-office-rents-in-london-by-area/
Colliers International, Cost of rent of office real estate in London (United Kingdom) in 2019, by grade (in GBP per square foot) Statista, https://www.statista.com/statistics/1009934/grade-a-and-grade-b-office-rents-in-london-by-area/ (last visited December 21, 2024)
Cost of rent of office real estate in London (United Kingdom) in 2019, by grade (in GBP per square foot) [Graph], Colliers International, April 5, 2020. [Online]. Available: https://www.statista.com/statistics/1009934/grade-a-and-grade-b-office-rents-in-london-by-area/
