Where do energy and commodities occupiers lease office space in London?

Most cluster in City of London. Rent runs ~95 GBP/sqft ($121 USD) for trophy and prime stock.

What fit-out spec do energy and commodities occupiers run in London?

Typically trophy at $320–480/sqft.

How much office space per seat should a energy and commodities occupier plan in London?

Plan ~240 sqft per seat blended. A 100-person team typically takes 24,000 sqft.

What NAICS codes describe the energy and commodities vertical?

Representative NAICS 2022 codes: 211, 212, 523130.

What is the talent index in London?

96/100. Use the city profile for full detail.

Energy and commodities occupiers in London typically cluster in City of London, plan ~240 sqft per seat at trophy fit-out ($320–480/sqft), and pay around 95 GBP/sqft ($121 USD) on Class A.

Preferred submarket: City of London.
Typical fit-out spec: Trophy ($320–480/sqft).
Plan ~240 sqft per seat for headcount sizing.
Class A rent context: 95 GBP/sqft ($121 USD).
Typical lease: 10 years with 24 months rent-free.
Talent depth in London: 96/100.

Energy and commodities office space in London

Energy and commodities occupiers in London typically cluster in City of London, plan ~240 sqft per seat at trophy fit-out">fit-out ($320–480/sqft), and pay around 95 GBP/sqft ($121 USD) on Class A.

TL;DR

Preferred submarket: City of London.
Typical fit-out spec: Trophy ($320–480/sqft).
Plan ~240 sqft per seat for headcount sizing.
Class A rent context: 95 GBP/sqft ($121 USD).
Typical lease: 10 years with 24 months rent-free.
Talent depth in London: 96/100.

Where they cluster

Energy and commodities occupiers in London typically anchor in City of London. Investment banks, insurance, asset managers, law firms, professional services.

What they pay

Class A rent in London runs 95 GBP/sqft ($121 USD) on a 10-year lease with 24 months free. Trophy submarkets command a 20–40% premium above the city index.

Spec and fit-out

Typical energy and commodities fit-out targets trophy specification at $320–480/sqft. Bespoke design, signature feature, top-tier MEP and acoustic packages are standard.

Headcount sizing

Plan around 240 sqft per seat blended (workstation + circulation + amenity). A 100-headcount energy office in London typically targets 24,000 sqft of leasable area.

Talent angle

Trading floors concentrate in CBD trophy product with redundant power and connectivity; engineering teams scale in suburban energy corridors. Largest financial-services and technology talent pool in EMEA. Average all-in compensation indexes 96 vs. New York's 100.

Tax and lease context

Headline corporate tax: 25%. London leases are predominantly Full Repairing and Insuring (FRI). Tenant pays service charge and is responsible for dilapidations on lease end. Rent reviews to open-market rent every 5 years are standard. Rent-free periods of 18-30 months on a 10-year term are typical, with 'capped' rent-free for break-clause certainty. Personal guarantees are uncommon for institutional tenants; rent deposits are common for younger covenants.

Key facts

city	London
industry	Energy and commodities
naics	211, 212, 523130
preferredSubmarket	City of London
preferredFitoutSpec	Trophy
fitoutBand	$320–480/sqft
sqftPerSeat	240
classARentLocal	95 GBP/sqft/yr
classARentUsd	$121/sqft/yr
vacancyPct	8.6%
typicalLeaseYears	10
typicalRentFreeMonths	24
talentIndex	96
corporateTaxPct	25%

Frequently asked questions

Where do energy and commodities occupiers lease office space in London?: Most cluster in City of London. Rent runs ~95 GBP/sqft ($121 USD) for trophy and prime stock.
What fit-out spec do energy and commodities occupiers run in London?: Typically trophy at $320–480/sqft.
How much office space per seat should a energy and commodities occupier plan in London?: Plan ~240 sqft per seat blended. A 100-person team typically takes 24,000 sqft.
What NAICS codes describe the energy and commodities vertical?: Representative NAICS 2022 codes: 211, 212, 523130.
What is the talent index in London?: 96/100. Use the city profile for full detail.

Editorial provenance

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

Primary sources for this page

CBRE Marketview reports — CBRE
JLL Office Insight — JLL
Cushman & Wakefield Marketbeat — Cushman & Wakefield
Savills World Research — Savills
Colliers Global Office Outlook — Colliers

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