Median quoting rents from 1,424 live London office instructions across 24 submarkets, as at 1 November 2026, with lower and upper quartiles for each.
Recalculated 1 November 2026 from live instructions.
22 office instructions tagged Per Sq ft carried a figure outside £1–£500 and were excluded as mis-tagged capital values or annual rents.
| Submarket | Instructions | Lower quartile | Median | Upper quartile | Q3/Q1 spread |
|---|---|---|---|---|---|
| Mayfair | 177 | £76.00 | £97.00 | £124.00 | 1.63× |
| St James | 31 | £76.00 | £92.50 | £110.00 | 1.45× |
| Marylebone | 83 | £60.00 | £75.00 | £91.37 | 1.52× |
| Soho | 82 | £59.50 | £69.50 | £85.00 | 1.43× |
| Westminster | 66 | £53.00 | £65.50 | £80.00 | 1.51× |
| Noho | 84 | £52.38 | £65.00 | £82.00 | 1.57× |
| City of London | 113 | £48.00 | £57.50 | £68.00 | 1.42× |
| Fitzrovia | 26 | £45.00 | £54.69 | £76.00 | 1.69× |
| Farringdon | 36 | £39.50 | £54.05 | £65.00 | 1.65× |
| Knightsbridge | 21 | £49.00 | £53.00 | £65.00 | 1.33× |
| Islington | 39 | £33.00 | £52.50 | £65.00 | 1.97× |
| Liverpool Street | 8 | £42.50 | £52.00 | £59.00 | 1.39× |
| Clerkenwell | 144 | £39.50 | £49.50 | £58.20 | 1.47× |
| Notting Hill | 10 | £45.00 | £47.64 | £50.00 | 1.11× |
| Shoreditch | 163 | £38.00 | £47.50 | £57.50 | 1.51× |
| Kensington and Chelsea | 32 | £43.00 | £47.44 | £57.50 | 1.34× |
| Southbank | 194 | £33.00 | £44.94 | £56.00 | 1.70× |
| Southwark | 30 | £33.00 | £42.93 | £53.00 | 1.61× |
| Hammersmith | 15 | £30.00 | £35.00 | £39.50 | 1.32× |
| Canary Wharf | 30 | £26.00 | £32.50 | £42.50 | 1.63× |
| Battersea | 12 | £27.00 | £29.50 | £45.00 | 1.67× |
| Chelsea | 8 | £24.00 | £27.50 | £30.00 | 1.25× |
| Stratford | 9 | £24.83 | £27.40 | £35.00 | 1.41× |
| Docklands | 11 | £20.00 | £27.00 | £30.00 | 1.50× |
Shown separately because they are not London. Averaging the two would overstate the South East and understate central London.
| Submarket | Instructions | Lower quartile | Median | Upper quartile | Q3/Q1 spread |
|---|---|---|---|---|---|
| St. Albans | 35 | £21.00 | £25.00 | £35.00 | 1.67× |
| Berkhamsted | 8 | £20.00 | £22.07 | £23.23 | 1.16× |
| Hatfield | 17 | £18.00 | £21.59 | £26.50 | 1.47× |
| Welwyn Garden City | 12 | £18.00 | £20.00 | £23.50 | 1.31× |
| Hertford | 11 | £18.00 | £19.93 | £20.00 | 1.11× |
| Amersham | 12 | £17.00 | £18.84 | £23.00 | 1.35× |
| Hemel Hempstead | 17 | £16.50 | £18.50 | £22.00 | 1.33× |
| Stevenage | 15 | £16.01 | £16.50 | £17.00 | 1.06× |
| Chesham | 11 | £14.00 | £16.00 | £17.02 | 1.22× |
| High Wycombe | 44 | £14.56 | £15.50 | £18.00 | 1.24× |
| Letchworth | 9 | £11.53 | £15.00 | £17.00 | 1.47× |
| Aylesbury | 16 | £12.50 | £14.00 | £16.00 | 1.28× |
Only instructions where the price type is explicitly recorded as Per Sq ft are used, so nothing mixes a rent with a capital value.
The Q3/Q1 spread is the ratio of upper to lower quartile: the prime-to-secondary gap inside a single submarket. A tight band means homogeneous stock. A submarket quoting 3× has two markets inside it, and an average would describe neither.
A submarket appears only with 8 or more live instructions.
Quoting rents exclude rent-free periods, capital contributions and stepped rents, all of which move the effective rent below the headline.
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