The London Office Rental Guide
Last updated: 25th December 2018
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 monthly rental for longer term leased offices in London (per ft2) – broken down into rent, rates and service charge – and all inclusive serviced office costs across London.
It’s available in multiple formats below – as a chart, in a table and plotted on a map.
We publish a blog post with each update analysing any changes in London office rent, as well as predicting likely rises and falls in the coming months.
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. |
||||
| Mayfair | £90 | £44 | £9 | £143 |
| St James’s | £90 | £44 | £9 | £143 |
| Knightsbridge | £78 | £37 | £9 | £124 |
| Oxford Street | £70 | £25 | £9 | £104 |
| Marylebone | £70 | £25 | £9 | £104 |
| Soho | £68 | £29 | £9 | £106 |
| Victoria | £68 | £27 | £9 | £104 |
| Covent Garden | £65 | £26 | £9 | £100 |
| King’s Cross | £65 | £21 | £9 | £95 |
| Paddington | £65 | £22 | £9 | £96 |
| Bloomsbury | £63 | £26 | £9 | £98 |
| The City of London | £63 | £21 | £9 | £93 |
| Kensington & Chelsea | £60 | £23 | £9 | £92 |
| Holborn | £60 | £21 | £9 | £90 |
| Farringdon & Clerkenwell | £60 | £16 | £9 | £85 |
| Euston | £60 | £22 | £9 | £91 |
| Shoreditch | £55 | £18 | £9 | £82 |
| Waterloo & London Bridge | £50 | £18 | £9 | £77 |
| Canary Wharf | £40 | £18 | £10 | £68 |
| Area | Total Cost |
|---|---|
| Mayfair | £800 |
| St James’s | £800 |
| Knightsbridge | £750 |
| Oxford Street | £650 |
| Marylebone | £650 |
| Soho | £650 |
| Victoria | £600 |
| Covent Garden | £650 |
| King’s Cross | £550 |
| Paddington | £750 |
| Bloomsbury | £600 |
| The City of London | £650 |
| Kensington & Chelsea | £550 |
| Holborn | £550 |
| Farringdon & Clerkenwell | £600 |
| Euston | £600 |
| Shoreditch | £600 |
| Waterloo & London Bridge | £550 |
| 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 | £600 |
Paddington
| Conventional Lease (per ft2 per year) | |
|---|---|
| Rent | £65 |
| Rates | £22 |
| Service Charge | £9 |
| Total | £96 |
| Serviced Space (per desk, per month) | |
| Total Cost | £750 |
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 | £550 |
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 | £44 |
| Service Charge | £9 |
| Total | £143 |
| Serviced Space (per desk, per month) | |
| Total Cost | £800 |
Knightsbridge
| Conventional Lease (per ft2 per year) | |
|---|---|
| Rent | £78 |
| Rates | £37 |
| Service Charge | £9 |
| Total | £124 |
| Serviced Space (per desk, per month) | |
| Total Cost | £750 |
Kensington & Chelsea
| Conventional Lease (per ft2 per year) | |
|---|---|
| Rent | £60 |
| Rates | £23 |
| Service Charge | £9 |
| Total | £92 |
| Serviced Space (per desk, per month) | |
| Total Cost | £550 |
Mayfair
| Conventional Lease (per ft2 per year) | |
|---|---|
| Rent | £90 |
| Rates | £44 |
| Service Charge | £9 |
| Total | £143 |
| Serviced Space (per desk, per month) | |
| Total Cost | £800 |
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 | £70 |
| Rates | £25 |
| Service Charge | £9 |
| Total | £104 |
| Serviced Space (per desk, per month) | |
| Total Cost | £650 |
Bloomsbury
| Conventional Lease (per ft2 per year) | |
|---|---|
| Rent | £63 |
| Rates | £26 |
| Service Charge | £9 |
| Total | £98 |
| Serviced Space (per desk, per month) | |
| Total Cost | £600 |
Holborn
| Conventional Lease (per ft2 per year) | |
|---|---|
| Rent | £60 |
| Rates | £21 |
| Service Charge | £9 |
| Total | £90 |
| Serviced Space (per desk, per month) | |
| Total Cost | £550 |
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 | £650 |
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 | £600 |
London Office Rental Guide Downloads
Download your own copy of the current London Office Rental Guide in your preferred format.
london office rent analysis
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Ian Kitchener