Prime and net effective rents by submarket, Q4 2021, £psf
City of London
Grade A headline rent
Net effective rent (10-year lease)
Net effective rent (5-year lease)
70.00
54.83
54.25
Submarket
Bank, Leadenhall Street
68.50
Shoreditch, Clerkenwell
54.80
54.23
85.00
Farringdon
68.00
67.29
56.50
Aldgate East
44.26
43.79
65.00
Spitalfields
50.92
50.38
72.50
Southwark, London Bridge
58.00
58.00
52.50
White City
41.13
40.69
57.50
Hammersmith
45.04
44.56
Grade A headline rent
Submarket
Net effective rent (10-year lease)
Net effective rent (5-year lease)
West London
92.50
Soho
74.00
74.00
77.50
Paddington
62.00
62.00
77.50
Victoria, Westminster
62.00
62.00
95.00
Marylebone
76.00
76.00
92.50
Fitzrovia
74.00
74.00
115.00
Mayfair, St James’s
92.00
92.00
Grade A headline rent
Submarket
Net effective rent (10-year lease)
Net effective rent (5-year lease)
West End
77.50
Covent Garden
62.00
62.00
85.00
King’s Cross
68.00
68.00
85.00
Bloomsbury
68.00
68.00
70.00
Holborn
56.00
56.00
Grade A headline rent
Submarket
Net effective rent (10-year lease)
Net effective rent (5-year lease)
Midtown
47.50
Stratford
37.01
36.42
35.00
Crossharbour
26.98
26.54
52.50
Canary Wharf
40.47
39.81
Grade A 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 market area 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.