In London, the average size of floor space in offices in 2018 varied from under eight thousand square feet to approximately 35 thousand square feet. In 2018, Central London saw office vacancy rates fell by over one percent. In terms of areas, Southbank had the lowest vacancy rates in London.
Prime rents
London is notoriously an expensive city to rent commercial and residential space. In some areas of the city, prime rents can be more than one hundred British pounds per square foot, with the London West End seeing the highest rents for office space in Europe.
Commercial investments
Between the 1st and 3rd quarter of 2018, the United Kingdom (UK) saw commercial investments reach 37 billion euros. Even though the United Kingdom saw the highest commercial investments in Europe, in terms of investment prospects, London does not even make the list.
Average size of a office space floor in central London (UK) in 2018, by submarket
(in 1,000 square feet)
* The survey samples developers who are building new offices or undertaking significant refurbishment of 10,000 sq ft or more. The report covers nine key office submarkets in London: City, Docklands, King's Cross, Midtown, Paddington, Southbank, West End and emerging submarkets: Vauxhall‑Nine
Elms‑Battersea, Stratford and White City.
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Deloitte. (November 13, 2018). Average size of a office space floor in central London (UK) in 2018, by submarket (in 1,000 square feet) [Graph]. In Statista. Retrieved December 21, 2024, from https://www.statista.com/statistics/326467/uk-london-office-floor-average-size/
Deloitte. "Average size of a office space floor in central London (UK) in 2018, by submarket (in 1,000 square feet)." Chart. November 13, 2018. Statista. Accessed December 21, 2024. https://www.statista.com/statistics/326467/uk-london-office-floor-average-size/
Deloitte. (2018). Average size of a office space floor in central London (UK) in 2018, by submarket (in 1,000 square feet). Statista. Statista Inc.. Accessed: December 21, 2024. https://www.statista.com/statistics/326467/uk-london-office-floor-average-size/
Deloitte. "Average Size of a Office Space Floor in Central London (Uk) in 2018, by Submarket (in 1,000 Square Feet)." Statista, Statista Inc., 13 Nov 2018, https://www.statista.com/statistics/326467/uk-london-office-floor-average-size/
Deloitte, Average size of a office space floor in central London (UK) in 2018, by submarket (in 1,000 square feet) Statista, https://www.statista.com/statistics/326467/uk-london-office-floor-average-size/ (last visited December 21, 2024)
Average size of a office space floor in central London (UK) in 2018, by submarket (in 1,000 square feet) [Graph], Deloitte, November 13, 2018. [Online]. Available: https://www.statista.com/statistics/326467/uk-london-office-floor-average-size/
