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The London Office Rental Guide

Last updated: 28th September 2020

The London Office Rental Guide is updated every 3 months – with a breakdown of costs for all 19 central London commercial locations.

The rental guide covers annual rental for longer term leased offices in London (per ft2) – broken down into rent, business rates and service charge. Flexible term serviced office rent is an all inclusive cost charged per desk per month.

Covid-19

This is an indication of London Office Rents – correct as of 1st March 2020, before the Covid-19 lockdown.

As nobody knows what the current office rents are, we won’t alter them until a new market emerges. However we believe that a structural downward shift in demand is now underway which will eventually push rents lower next year.

Have a look at Ian Kitchener’s latest Rental Analysis on the blog for a more expansive explanation.

The rental guide is available in multiple formats below – as a chart, in a table and plotted on a map.

The London Office Rental Guide is also available to download in multiple formats.

London Office Rent Chart

A Price Guide for Leased Office Space in London (ft2 per year)

A Price Guide for Renting Serviced Office Space in London (per desk per month)

London Office Rent Table

A Price Guide for Leased Office Space in London (ft2 per year)

Area Rent Rates Service Charge Total Cost

The above rental estimates reflect good quality (but not prime) air conditioned offices. More expensive and cheaper accommodation will generally be available.

Rent rates and service charge estimates are only intended as a guide. Office space is often available with costs outside these guidelines.

Negotiated rent free incentives will often make the net effective rent, lower than the above estimates.

Business rates payable will vary from year to year, changing each April, due to annual changes in the Uniform Business Rate. Higher rates are paid for brand new buildings.

Rent quoted in the City of London financial district is assumed not to be in a tower, where rents can be significantly more expensive

Mayfair £90 £42 £9 £141
St James’s £90 £42 £9 £141
Knightsbridge £75 £37 £9 £121
Marylebone £70 £25 £9 £104
Soho £68 £29 £9 £106
Victoria £68 £27 £9 £104
Oxford Street £67 £25 £9 £101
Covent Garden £65 £26 £9 £100
King’s Cross £65 £21 £9 £95
Paddington £65 £22 £9 £96
Holborn £63 £21 £9 £93
The City of London £63 £21 £9 £93
Bloomsbury £60 £26 £9 £95
Farringdon & Clerkenwell £60 £16 £9 £85
Euston £60 £22 £9 £91
Kensington & Chelsea £57 £23 £9 £89
Shoreditch £55 £18 £9 £82
Waterloo & London Bridge £50 £18 £9 £77
Canary Wharf £40 £18 £10 £68

A Price Guide for Renting Serviced Office Space in London (per desk per month)

Area Total Cost
Mayfair £850
St James’s £850
Knightsbridge £750
Marylebone £650
Soho £650
Victoria £600
Oxford Street £650
Covent Garden £600
King’s Cross £550
Paddington £700
Holborn £600
The City of London £650
Bloomsbury £600
Farringdon & Clerkenwell £650
Euston £600
Kensington & Chelsea £650
Shoreditch £650
Waterloo & London Bridge £600
Canary Wharf £600

London Office Rental Map

Canary Wharf
Conventional Lease (per ft2 per year)
Rent £40
Rates £18
Service Charge £10
Total £68
Serviced Space (per desk, per month)
Total Cost £600
More about Canary Wharf
Marylebone
Conventional Lease (per ft2 per year)
Rent £70
Rates £25
Service Charge £9
Total £104
Serviced Space (per desk, per month)
Total Cost £650
More about Marylebone
Shoreditch
Conventional Lease (per ft2 per year)
Rent £55
Rates £18
Service Charge £9
Total £82
Serviced Space (per desk, per month)
Total Cost £650
More about Shoreditch
Paddington
Conventional Lease (per ft2 per year)
Rent £65
Rates £22
Service Charge £9
Total £96
Serviced Space (per desk, per month)
Total Cost £700
More about Paddington
Euston
Conventional Lease (per ft2 per year)
Rent £60
Rates £22
Service Charge £9
Total £91
Serviced Space (per desk, per month)
Total Cost £600
More about Euston
Waterloo & London Bridge
Conventional Lease (per ft2 per year)
Rent £50
Rates £18
Service Charge £9
Total £77
Serviced Space (per desk, per month)
Total Cost £600
More about Waterloo & London Bridge
Victoria
Conventional Lease (per ft2 per year)
Rent £68
Rates £27
Service Charge £9
Total £104
Serviced Space (per desk, per month)
Total Cost £600
More about Victoria
St James’s
Conventional Lease (per ft2 per year)
Rent £90
Rates £42
Service Charge £9
Total £141
Serviced Space (per desk, per month)
Total Cost £850
More about St James’s
Knightsbridge
Conventional Lease (per ft2 per year)
Rent £75
Rates £37
Service Charge £9
Total £121
Serviced Space (per desk, per month)
Total Cost £750
More about Knightsbridge
Kensington & Chelsea
Conventional Lease (per ft2 per year)
Rent £57
Rates £23
Service Charge £9
Total £89
Serviced Space (per desk, per month)
Total Cost £650
More about Kensington & Chelsea
Mayfair
Conventional Lease (per ft2 per year)
Rent £90
Rates £42
Service Charge £9
Total £141
Serviced Space (per desk, per month)
Total Cost £850
More about Mayfair
Soho
Conventional Lease (per ft2 per year)
Rent £68
Rates £29
Service Charge £9
Total £106
Serviced Space (per desk, per month)
Total Cost £650
More about Soho
Oxford Street
Conventional Lease (per ft2 per year)
Rent £67
Rates £25
Service Charge £9
Total £101
Serviced Space (per desk, per month)
Total Cost £650
More about Oxford Street
Bloomsbury
Conventional Lease (per ft2 per year)
Rent £60
Rates £26
Service Charge £9
Total £95
Serviced Space (per desk, per month)
Total Cost £600
More about Bloomsbury
Holborn
Conventional Lease (per ft2 per year)
Rent £63
Rates £21
Service Charge £9
Total £93
Serviced Space (per desk, per month)
Total Cost £600
More about Holborn
Covent Garden
Conventional Lease (per ft2 per year)
Rent £65
Rates £26
Service Charge £9
Total £100
Serviced Space (per desk, per month)
Total Cost £600
More about Covent Garden
King’s Cross
Conventional Lease (per ft2 per year)
Rent £65
Rates £21
Service Charge £9
Total £95
Serviced Space (per desk, per month)
Total Cost £550
More about King’s Cross
The City of London
Conventional Lease (per ft2 per year)
Rent £63
Rates £21
Service Charge £9
Total £93
Serviced Space (per desk, per month)
Total Cost £650
More about The City of London
Farringdon & Clerkenwell
Conventional Lease (per ft2 per year)
Rent £60
Rates £16
Service Charge £9
Total £85
Serviced Space (per desk, per month)
Total Cost £650
More about Farringdon & Clerkenwell

London Office Rental Guide Downloads

Download your own copy of the current London Office Rental Guide in your preferred format.

Earlier Office Rent Analysis

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