Prime and net effective rents by submarket, Q2 2021, £psf
City of London
Prime headline rent
Net effective rent (10-year lease)
Net effective rent (5-year lease)
70.00
54.25
53.75
Submarket
Bank, Leadenhall Street
68.50
Shoreditch, Clerkenwell
53.00
52.50
85.00
Farringdon
66.00
65.25
56.50
Aldgate East
43.75
43.25
65.00
Spitalfields
50.50
49.75
72.50
Southwark, London Bridge
56.25
55.50
52.50
White City
40.75
40.25
57.50
Hammersmith
44.50
44.00
Prime headline rent
Submarket
Net effective rent (10-year lease)
Net effective rent (5-year lease)
West London
92.50
Soho
71.75
71.00
77.50
Paddington
60.00
59.50
77.50
Victoria, Westminster
60.00
59.50
95.00
Marylebone
73.75
72.75
92.50
Fitzrovia
71.75
71.00
110.00
Mayfair, St James’s
85.25
84.25
Prime headline rent
Submarket
Net effective rent (10-year lease)
Net effective rent (5-year lease)
West End
77.50
Covent Garden
60.00
59.50
85.00
King’s Cross
66.00
65.25
85.00
Bloomsbury
66.00
65.25
70.00
Holborn
54.25
53.75
Prime headline rent
Submarket
Net effective rent (10-year lease)
Net effective rent (5-year lease)
Midtown
47.50
Stratford
36.75
36.50
35.00
Crossharbour
26.75
25.75
52.50
Canary Wharf
40.00
38.50
Prime headline rent
Submarket
Net effective rent (10-year lease)
Net effective rent (5-year lease)
East London
WEST END
MIDTOWN
CITY OF LONDON
WEST LONDON
EAST LONDON
Source: Carter Jonas
Click here for West London
Click on a region to see prime and net effective rents
Note: Net effective rents are based on the average typical rent free period, and do not make any allowance for fit out.