Prime London office rents
Q4 2025 confirmed that the London office market is increasingly shaped by quality, readiness and location specificity. Rather than moving in unison, submarkets continue to price independently, with Grade A rates reflecting local supply constraints, occupier demand and the strength of each location’s proposition.
Below, we break down Grade A office rates across key London submarkets, highlighting how pricing differs across the capital as we move into 2026.
Key takeaways from Q4 2025
→ Prime rents remain strong across the City, West End, and Midtown
→ Demand is concentrated on Grade A and fitted offices
→ Rental ranges continue to widen, reflecting polarisation by quality
→ Managed and serviced office pricing remains resilient
Scroll/click below for:
– The official SHB Q4 Rent & Rates Guide
– West End office market
– City Core office market
– Southbank office market
– Docklands office market
– Midtown office market
– South West London office market
Q4 2025 | London Office Rents & Rates
Prime markets continue to lead
Prime City and West End locations maintained their position at the top of the market in Q4.
Across core City locations, Grade A fitted rents reached up to £145 per sq ft, underlining sustained occupier competition for high-quality space. The West End continued to command the highest headline rents in London, with Mayfair and St James’s achieving top-end figures of up to £260 per sq ft.
This performance reflects ongoing demand for offices that offer strong ESG credentials, efficient layouts, and immediate occupation without the need for additional capital expenditure.
Deep dive on submarket rents
West End Core | Mayfair & St James’s
The West End Core remains London’s premium benchmark. In Q4 2025, Grade A rates were between £48.62 and £112.71 per square foot, with Mayfair and St James’s leading the way.
Desk rates remain the highest in the market, reflecting both brand value and extreme supply constraint. Grade B space continues to perform strongly where location and presentation remain compelling. Sustained demand from professional services, private equity, and international occupiers, combined with severe supply constraints, continues to support strong pricing at the top end of the market.
Grade A: £48.62 – £112.71 psf
Grade B: £70 – £115 psf
Desk Rates (Serviced): £750 – £1,000 per desk
City Core | City of London, Clerkenwell, Farringdon
Grade B: £40 – £65 psf
Desk Rates (Serviced): £650 – £730 per desk
Southbank | Waterloo, Southwark, London Bridge
The Southbank’s pricing structure highlights its evolution into an alternative core market. Grade B stock remains competitive, while Grade A and serviced space benefit from strong connectivity and improving building quality.
Grade A rates across the Southbank ranged from £70–£115 per sq ft in Q4 2025. Improved office stock, combined with excellent transport connectivity, has continued to strengthen the area’s appeal. The Southbank is now firmly established as a premium alternative to traditional core markets, rather than a secondary option.
Grade A: £70 – £115 psf
Grade B: £30 – £60 psf
Desk Rates (Serviced): £650 – £680 per desk
East London | Shoreditch, Stratford, Dalston
Grade A rates across Shoreditch, Stratford, and Dalston ranged from £45–£55 per sq ft in Q4 2025. Shoreditch continues to anchor the upper end of the range, supported by strong occupier demand from creative and technology-led businesses.
Stratford and Dalston provide more accessible entry points, reinforcing East London’s appeal to growth-focused occupiers.
Grade A: £45 – £55 psf
Grade B: £25 – £40 psf
Desk Rates (Serviced): £490 – £650 per desk
East London | Canary Wharf & Docklands
Canary Wharf and the wider Docklands recorded Grade A rates of £50–£75 per sq ft in Q4 2025. These levels reflect the area’s ability to offer high-quality space at scale, while remaining competitively priced relative to central London.
Canary Wharf continues to offer some of the best value Grade A space at scale in London. Grade B pricing remains keen, while serviced office rates reflect increasing demand for flexibility within large, infrastructure-led environments. Ongoing investment in infrastructure and amenity continues to support occupier demand, particularly from businesses prioritising efficiency and cost certainty.
Grade A: £50 – £75 psf
Grade B: £20 – £50 psf
Desk Rates (Serviced): £475 – £650 per desk
Midtown | Holborn, Bloomsbury, King’s Cross
Midtown remains one of the most flexible submarkets in London. A broad spread of Grade B pricing reflects mixed stock quality, while serviced offices continue to absorb demand from occupiers seeking centrality without long-term commitment.
The submarket continues to offer a balance between centrality and value, attracting occupiers seeking strong transport links without West End pricing. King’s Cross remains the strongest performer within Midtown, while Holborn and Bloomsbury provide pricing stability and depth of supply.
Grade A: £29.84 – £46.41 psf
Grade B: £25 – £60 psf
Desk Rates (Serviced): £575 – £1,100 per desk
South West London | Vauxhall, Battersea, Hammersmith
South West London continues to attract occupiers seeking modern space outside core central markets. Desk rates remain comparatively accessible, supporting demand from growth businesses and project-led occupiers. Battersea and Vauxhall continue to benefit from regeneration and improved connectivity, while Hammersmith provides an established office base with consistent demand.
The submarket remains attractive to occupiers seeking quality accommodation outside the most expensive central locations.
Grade A: £65 – £95 psf
Grade B: £20 – £50 psf
Desk Rates (Serviced): £420 – £550 per desk
West | Hammersmith
Hammersmith recorded Grade A rates of £55–£75 per sq ft in Q4 2025. Strong transport connectivity and established office stock continue to underpin consistent demand.
Pricing stability reflects Hammersmith’s role as a reliable, value-focused alternative to more central submarkets.
Grade A: £55 – £75 psf
Grade B: £20 – £45 psf
Desk Rates (Serviced): £475 – £510 per desk
Get a custom view
Q4 2025 highlighted a London office market increasingly defined by divergence rather than averages. Core locations continue to command premium Grade A rates, while value-led submarkets remain competitive and resilient.
As we move into 2026, occupiers are placing greater emphasis on specification, sustainability, and long-term relevance, reinforcing the importance of submarket-level intelligence in shaping office strategy.
These are just available market rents – for a specific look in your target office location, please contact our team and we will run a custom analysis.
