As of June 2019, the cost per square foot for prime office real estate (excluding London) in the United Kingdom (UK) fluctuated from 13 British pounds in Middlesborough to 38 British pounds (GBP) in Reading. Reading's proximity and ease of access via rail lines to London are two reasons behind its high cost of rent.
Cost of grade A office rents in the United Kingdom (UK) as of June 2019, by city*
(in GBP per square feet)
The source added 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. Units stand in a prime office location. Prime rents apply to new units.
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Colliers International. (August 23, 2019). Cost of grade A office rents in the United Kingdom (UK) as of June 2019, by city* (in GBP per square feet) [Graph]. In Statista. Retrieved December 30, 2024, from https://www.statista.com/statistics/1042575/cost-of-grade-a-office-rents-in-the-united-kingdom-by-city/
Colliers International. "Cost of grade A office rents in the United Kingdom (UK) as of June 2019, by city* (in GBP per square feet)." Chart. August 23, 2019. Statista. Accessed December 30, 2024. https://www.statista.com/statistics/1042575/cost-of-grade-a-office-rents-in-the-united-kingdom-by-city/
Colliers International. (2019). Cost of grade A office rents in the United Kingdom (UK) as of June 2019, by city* (in GBP per square feet). Statista. Statista Inc.. Accessed: December 30, 2024. https://www.statista.com/statistics/1042575/cost-of-grade-a-office-rents-in-the-united-kingdom-by-city/
Colliers International. "Cost of Grade A Office Rents in The United Kingdom (Uk) as of June 2019, by City* (in Gbp per Square Feet)." Statista, Statista Inc., 23 Aug 2019, https://www.statista.com/statistics/1042575/cost-of-grade-a-office-rents-in-the-united-kingdom-by-city/
Colliers International, Cost of grade A office rents in the United Kingdom (UK) as of June 2019, by city* (in GBP per square feet) Statista, https://www.statista.com/statistics/1042575/cost-of-grade-a-office-rents-in-the-united-kingdom-by-city/ (last visited December 30, 2024)
Cost of grade A office rents in the United Kingdom (UK) as of June 2019, by city* (in GBP per square feet) [Graph], Colliers International, August 23, 2019. [Online]. Available: https://www.statista.com/statistics/1042575/cost-of-grade-a-office-rents-in-the-united-kingdom-by-city/