The London Office Rental Guide

Last updated: 25th December 2021

The London Office Rental Guide is updated every 3 months – with a breakdown of costs for all 19 central London commercial locations for both traditionally-leased offices and serviced office space.

London Office Rental Guide Chart

All costs below are calculated

London Office Rental Guide Table

Leased office rents across London

All costs below are calculated per ft2 per year

Area Rent Rates Service Charge Total Cost

NB. Leased office rents, rates and service charge are quoted per ft2 per year.

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

Bloomsbury £60 £25 £10 £95
Canary Wharf £40 £18 £10 £68
Covent Garden £67 £26 £10 £103
Euston £60 £22 £10 £92
Farringdon & Clerkenwell £60 £20 £10 £90
Holborn £60 £24 £10 £94
Kensington & Chelsea £55 £23 £10 £88
King’s Cross £65 £21 £10 £96
Knightsbridge £70 £35 £10 £115
Marylebone £70 £25 £10 £105
Mayfair £85 £42 £10 £137
Oxford Street £67 £25 £10 £102
Paddington £65 £22 £10 £97
Shoreditch £55 £18 £10 £83
Soho £68 £29 £10 £107
St James’s £85 £42 £10 £137
The City of London £63 £23 £10 £96
Victoria £68 £27 £10 £105
Waterloo & London Bridge £50 £18 £10 £78

Serviced office rents across London

All costs below are calculated per desk per month

Area Total Cost

NB. Serviced office rents are quoted per desk per month.

Serviced offices provide an all-inclusive fully furnished solution with telecoms, internet and power and business rates all included with the rent in a single monthly payment. Office rental rates exclude VAT.

Serviced office rental costs also apply broadly to co-working office space.

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

London Office Rental Guide Map

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London Office Rental Guide Analysis

Earlier Office Rent Analysis

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New Deals!

20 workstations acquired in St James’s for Technology Company

2790ft2 office space for management consultancy in Euston Rd, NW1