Office Rent per Square Foot London (2026) – Current Market Levels
Overview of typical office rental prices in London per sq ft, across prime and secondary commercial areas.
Average London Office Rents (2026)
- Prime West End (Mayfair, St James’s, Soho):
£95 – £180+ per sq ft/year - City of London (EC2/EC3):
£85 – £100 per sq ft/year - Midtown (Holborn, Bloomsbury):
£75 – £90 per sq ft/year - Southbank / London Bridge:
£75 – £90 per sq ft/year - Canary Wharf:
£50 – £60 per sq ft/year - Outer London / Fringe Areas:
£40 – £60 per sq ft/year
Key Market Insight
- Prime London offices are now averaging £90–£180+ per sq ft in top locations
- Secondary and outer areas remain significantly cheaper (£40–£70 per sq ft)
- Strong “flight to quality” means Grade A buildings command premium pricing
- Supply shortage in central London is keeping rents elevated
Simple Summary
- Most expensive: Mayfair & St James’s (luxury prime offices)
- Mid-range: City of London, Midtown
- More affordable: Canary Wharf, outer London
Fraser Bond Insight
Fraser Bond advises that London office rents are now highly location- and quality-driven, meaning two similar-sized spaces can differ drastically in price depending on ESG rating, amenities, and tenant demand.
