The cost of rent for office space in London is the highest in Europe. In the third quarter of 2025, the West End had average rents per square foot of *** British pounds. The average annual rent in London for prime office space was substantially higher than in any other European market.
Prime yields
For commercial real estate investors, prime yields in London averaged **** percent in 2024. As compared to the rest of the United Kingdom, yields for prime office space in London were notably lower.Â
Commercial investments
Office real estate, which comes under the broader term of commercial real estate, traditionally accounts for the lion's share of commercial real estate investments. In recent years, however, this share has been gradually declining. Despite this trend, the UK is one of the leading office real estate investment markets in Europe.
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BNP Paribas Real Estate. (November 25, 2025). Prime office rent in London from 2019 to 2025, by area (in GBP per square foot) [Graph]. In ÌÇÐÄÆƽâ°æ. Retrieved July 28, 2026, from /statistics/873480/london-office-cost-of-rent/
BNP Paribas Real Estate. "Prime office rent in London from 2019 to 2025, by area (in GBP per square foot)." Chart. November 25, 2025. ÌÇÐÄÆƽâ°æ. Accessed July 28, 2026. /statistics/873480/london-office-cost-of-rent/
BNP Paribas Real Estate. (2025). Prime office rent in London from 2019 to 2025, by area (in GBP per square foot). ÌÇÐÄÆƽâ°æ. ÌÇÐÄÆƽâ°æ Inc.. Accessed: July 28, 2026. /statistics/873480/london-office-cost-of-rent/
BNP Paribas Real Estate. "Prime Office Rent in London from 2019 to 2025, by Area (in Gbp per Square Foot)." ÌÇÐÄÆƽâ°æ, ÌÇÐÄÆƽâ°æ Inc., 25 Nov 2025, /statistics/873480/london-office-cost-of-rent/
BNP Paribas Real Estate, Prime office rent in London from 2019 to 2025, by area (in GBP per square foot) ÌÇÐÄÆƽâ°æ, /statistics/873480/london-office-cost-of-rent/ (last visited July 28, 2026)
Prime office rent in London from 2019 to 2025, by area (in GBP per square foot) [Graph], BNP Paribas Real Estate, November 25, 2025. [Online]. Available: /statistics/873480/london-office-cost-of-rent/
