Total occupancy cost for Grade A office space in London: $403.57 per sq ft per year. This figure covers rent, service charge, property tax (rates), fit-out amortised over the lease, facilities management, utilities and reinstatement costs.
London Office Cost Breakdown (USD/sqft/yr)
Rent: $180.21/sqft/yr
Service Charge: $41.64/sqft/yr
Property Tax / Business Rates: $102.45/sqft/yr
Fit-Out (amortised over lease): $41.73/sqft/yr
Facilities Management: $19.93/sqft/yr
Utilities: $6.05/sqft/yr
Reinstatement / Dilapidations: $6.61/sqft/yr
Total Occupancy Cost: $403.57/sqft/yr
London Serviced Office Costs
Serviced and flexible office space in London costs between $1100.0 and $2413.0 per person per month, with a mid-market rate of $1836.0 per person per month.
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