TOC / sq ft / yr
Under $60
$60 – $120
$120 – $200
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London Office Occupancy Costs
Total occupancy cost for Grade A office space in London (West-End Core 1) is £304.94 per sq ft (£3282 per sq m) per year. Office rent is £136.17 per sq ft (£1466 per sq m). The total includes rent, service charge, business rates, fit-out, facilities management, utilities and exit costs.
| Submarket | Rent / sq ft | Rent / sq m | Total cost / sq ft | Total cost / sq m |
|---|---|---|---|---|
| City Core | £79.76 | £859 | £206.27 | £2220 |
| City Fringe | £56.41 | £607 | £159.09 | £1712 |
| Docklands / Canary Wharf | £40.85 | £440 | £130.95 | £1410 |
| East London | £31.12 | £335 | £113.74 | £1224 |
| Mid-Town | £68.09 | £733 | £183.23 | £1972 |
| Southbank | £64.2 | £691 | £171.82 | £1850 |
| Southwest London | £50.58 | £544 | £148.88 | £1603 |
| West London | £42.79 | £461 | £136.28 | £1467 |
| West-End Core 1 | £136.17 | £1466 | £304.94 | £3282 |
| West-End Core 2 | £85.59 | £921 | £212.79 | £2291 |
| West-End Non-Core | £73.92 | £796 | £190.19 | £2047 |