Commercial Property Price per Square Foot UK - Office, Industrial and Retail (2026 Guide)
UK commercial property pricing per square foot across offices, industrial units, and retail assets, with key differences between London and regional markets.
Introduction
The commercial property price per square foot UK varies significantly depending on sector, location, and asset quality. Pricing is driven by rental income, yields, and demand from occupiers and investors.
Fraser Bond advises on accurate valuation and pricing strategies across UK commercial real estate markets.
1. Office Prices per Square Foot
In prime London locations:
- London West End (prime offices): £1,200 – £2,500+ per sq ft capital value equivalent
- City of London: £800 – £1,500 per sq ft
- Regional cities: £300 – £700 per sq ft
Insight: Offices are highly location-sensitive, with London commanding a significant premium.
2. Industrial Property Prices per Square Foot
Industrial and logistics assets:
- London & South East: £200 – £400 per sq ft
- Midlands logistics hubs (e.g. Birmingham): £150 – £300 per sq ft
- Northern regions: £100 – £250 per sq ft
Insight: Industrial pricing is lower per sq ft but delivers stronger yields.
3. Retail Property Prices per Square Foot
Retail varies widely by location:
- Prime London high streets: £1,000 – £3,000+ per sq ft
- Secondary London locations: £400 – £900 per sq ft
- Regional high streets: £150 – £600 per sq ft
Insight: Retail pricing is highly polarised based on footfall and tenant strength.
4. Key Market Drivers of Price per Sq Ft
- Rental income levels
- Lease length and tenant quality
- Market yield expectations
- Location and footfall (retail)
- ESG and building quality (offices/industrial)
- Supply constraints
5. Sector Comparison Summary
| Sector | London Range (per sq ft) | Regional Range (per sq ft) |
|---|---|---|
| Offices | £800 – £2,500+ | £300 – £700 |
| Industrial | £200 – £400 | £100 – £300 |
| Retail | £400 – £3,000+ | £150 – £600 |
Fraser Bond Advisory Role
Fraser Bond supports investors and landlords by:
- Providing accurate commercial property valuation in the UK
- Benchmarking price per square foot across sectors
- Identifying overvalued and undervalued assets
- Advising on yield and investment strategy
- Supporting acquisition and disposal decisions
Conclusion
The commercial property price per square foot UK market is highly segmented. London commands a strong premium across all sectors, while regional markets offer better yield efficiency. Fraser Bond helps investors understand true market value and position strategically.
