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
| 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 |
| 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 |
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 |
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 |
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 |
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 |
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 |
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 |
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 |
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 |
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 |
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 |
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 |
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 |
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 |
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 |
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 |
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 |
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 |
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 |
London Office Rental Guide Downloads
Download your own copy of the current London Office Rental Guide in your preferred format.
london office rent analysis
the latest quarter
Ian Kitchener
