Rents in the Square Mile have gone up in the last year

The commercial market in the City is on the up and up, with office rents rising 3.5% so far this year compared to last year.The average Grade A rent in the Square Mile now stands at £62.11 per square foot (sq ft), compared to £60 last year. Total City take-up for the year to date has now reached 1.8 million sq ft, 10% down on the same point in 2017, but 10 per cent up on the 10 year average.

Share this article