City of London is a trophy-tier London submarket with average asking rent around £95/sqft/yr · ≈ $121 PSF/yr USD.

  • Average asking rent: £95/sqft/yr · ≈ $121 PSF/yr USD.
  • Tier: trophy.
  • Citywide Class A rent context: £95/sqft/yr · ≈ $121 PSF/yr USD ($121 USD).
  • Citywide vacancy: 8.6% — submarket-level availability is typically tighter at trophy tier.

City of London, London office rents and availability

City of London is a trophy-tier London submarket with average asking rent around £95/sqft/yr · ≈ $121 PSF/yr USD.

TL;DR

  • Average asking rent: £95/sqft/yr · ≈ $121 PSF/yr USD.
  • Tier: trophy.
  • Citywide Class A rent context: £95/sqft/yr · ≈ $121 PSF/yr USD ($121 USD).
  • Citywide vacancy: 8.6% — submarket-level availability is typically tighter at trophy tier.

Where rent sits

City of London averages around £95/sqft/yr · ≈ $121 PSF/yr USD for Class A, against a citywide Class A index of 95. As a trophy submarket, rent runs above the city average and availability is structurally tight.

Availability dynamics

The historic Square Mile — banking, insurance, law. Investment banks, insurance, asset managers, law firms, professional services.

Key facts

cityLondon
submarketCity of London
tiertrophy
averageRentLocal£95/sqft/yr · ≈ $121 PSF/yr USD
cityClassARentUsd$121/sqft/yr
cityVacancyPct8.6%

Frequently asked questions

What is the average Class A rent in City of London, London?
Around £95/sqft/yr · ≈ $121 PSF/yr USD. The citywide Class A index sits at £95/sqft/yr · ≈ $121 PSF/yr USD.

Related

Editorial provenance

Reviewed by Samuel Okafor — EMEA contributing editor. Last updated 2026-04-15. See our methodology and editorial standards.

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