Leased offices

London, UK

Typical Landlord Quoting Rents

Q3 2020 – Leased offices

As a guide, the average rates and service charge combined can equate to 35% – 60% of the rental value per square foot.
Small office suites of less than 3,000 sq ft tend to command higher pro-rata rents – usually £1.50 – £3.00 per sq ft above
those set out in the table below and have been excluded to prevent distortion in the data.

Location Grade A Grade B

City of London – Pt EC1, Pt EC2, Pt EC3 & Pt EC4

  • Prime locations – e.g. Gracechurch Street, Lime Street/ Fenchurch Street, Old Broad Street
  • Secondary locations – e.g. Blackfriars, Old Bailey, Barbican, Liverpool Street, Aldgate

 

£65.00 – £70.00

£60.00 – £70.00

 

£47.50 – £62.50

£47.50 – £52.50

City Fringe – Pt EC1, Pt EC2, Pt EC3 & E1

  • City Fringe North / North West – e.g. Farringdon, Clerkenwell, Old Street, EC1, Finsbury Square & Shoreditch, EC2
  • City Fringe East – e.g. Spitalfields, Aldgate East, E1 & Tower Hill, EC3

 

£60.00 – £75.00

£52.50 – £65.00

 

£42.50 – £59.50

£37.50 – £49.50

South Bank – SE1

  • Waterloo / Southwark / London Bridge

 

£62.50 – £72.50

 

£47.50 – £59.50

Docklands & Stratford – E14 / E15 & E20

  • Docklands Prime locations – e.g. Canary Wharf / Heron Quays
  • Docklands Secondary locations – e.g. South Quay, Limeharbour
  • Stratford

 

£47.50 – £52.50

£35.00 – £38.50

£40.00 – £49.50

 

£32.50 – £42.50

£29/50 – £33.50

£29.50 – £37.50

Midtown – WC1, WC2, NW1, Pt EC1 & Pt EC4

  • Bloomsbury
  • Holborn
  • Covent Garden
  • King’s Cross

 

 

£75.00 – £87.50

£60.00 – £69.50

£75.00 – £85.00

£65.00 – £82.50

 

 

£55.00 – £67.50

£45.00 – £59.50

£55.00 – £70.00

£52.50 – £65.00

West End – W1, W2 & SW1

  • Mayfair – Prime locations – e.g. Berkeley Square, St James’s Square
  • Mayfair – Secondary locations – e.g. Albermarle Street, St James’s Street
  • Euston
  • Marylebone
  • Fitzrovia
  • Soho, Regent Street
  • Victoria, Westminster
  • Knightsbridge
  • Paddington / Bayswater

 

£99.50 – £125.00

£87.50 – £97.50

£67.50 – £75.00

£77.50 – £92.50

£77.00 – £92.50

£65.00 – £90.00

£70.00 – £87.50

£82.50 – £95.00

£65.00 – £85.00

 

£77.00 – £95.00

£65.00 – £85.00

£55.00 – £65.00

£55.00 – £69.50

£62.50 – £82.50

£65.00 – £80.00

£52.50 – £69.50

£65.00 – £79.50

£52.50 – £65.00

South West / West London – SW3, SW6, W4, W5, W6, W8, W11, W14

  • Vauxhall / Battersea
  • Chelsea
  • Kensington / Queensway / Notting Hill
  • Fulham / Hammersmith / West Kensington / Olympia
  • Chiswick

 

 

£52.50 – £60.00

£77.50 – £90.00

£55.00 – £65.00

£52.50 – £57.50

£48.50 – £55.00

 

£35.00 – £50.00

£47.50 – £60.00

£45.00 – £52.50

£42.50 – £52.50

£40.00 – £47.50