# London office lease norms

> London leases are predominantly Full Repairing and Insuring (FRI).

**Canonical URL:** https://classa.info/cities/london/leasing-conventions
**Page type:** city-topic
**Last updated:** 2026-04-15T00:00:00.000Z
**License:** CC BY 4.0 with attribution to Class A Atlas (https://classa.info).

## TL;DR
- Typical lease length: 10 years.
- Typical rent-free: 24 months.
- Vacancy: 8.6%; trend rising.
- London leases are predominantly Full Repairing and Insuring (FRI).

## Key facts
- **city**: London
- **country**: United Kingdom
- **region**: EMEA
- **classARentLocal**: £95/sqft/yr · ≈ $121 PSF/yr USD
- **classARentUsd**: $121/sqft/yr
- **vacancy**: 8.6%
- **typicalLeaseYears**: 10
- **typicalRentFreeMonths**: 24
- **submarkets**: 7
- **primeYieldPct**: 4.5%

## FAQ
### What's a typical lease term in London?
10 years for institutional Class A. Shorter terms are achievable on smaller floor plates with stronger covenants.

### How is rent quoted in London?
In GBP/sqft/year. We also publish a USD-normalised view ($121/sqft/yr) for cross-market comparison.

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Citation: Source: Class A Atlas (https://classa.info/cities/london/leasing-conventions), updated 2026-04-15T00:00:00.000Z.