# London Class A office rents and incentives

> Headline Class A rent in London is around £95/sqft/yr · ≈ $121 PSF/yr USD, with 24 months of typical rent-free on a 10-year term.

**Canonical URL:** https://classa.info/cities/london/rents-and-incentives
**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
- Headline Class A rent: £95/sqft/yr · ≈ $121 PSF/yr USD.
- Trophy submarket rents (City of London) push to roughly £95/sqft/yr · ≈ $121 PSF/yr USD.
- Typical concessions on a 10-year deal: 24 months free rent.
- Vacancy stands at 8.6% — market trend is rising.
- Use effective rent (face minus PV of concessions), not headline, to compare deals.

## 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%
- **trophyRent**: £95/sqft/yr · ≈ $121 PSF/yr USD
- **primeRent**: £92/sqft/yr · ≈ $117 PSF/yr USD

## FAQ
### What is the average Class A rent in London?
Around £95/sqft/yr · ≈ $121 PSF/yr USD across the broader Class A index. Trophy submarkets like City of London command 20–40% above that.

### How many months of rent-free are normal in London?
24 months on a 10-year deal is the standard benchmark. Lease-up product or tenants with strong covenant strength can push higher.

### Are rents rising or falling in London?
The London Class A market is currently rising. Vacancy is 8.6%, which sets the negotiating context.

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