Victoria & Westminster is a established-tier London submarket with average asking rent around £88/sqft/yr · ≈ $112 PSF/yr USD.

  • Average asking rent: £88/sqft/yr · ≈ $112 PSF/yr USD.
  • Tier: established.
  • 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 established tier.

Victoria & Westminster, London office rents and availability

Victoria & Westminster is a established-tier London submarket with average asking rent around £88/sqft/yr · ≈ $112 PSF/yr USD.

TL;DR

  • Average asking rent: £88/sqft/yr · ≈ $112 PSF/yr USD.
  • Tier: established.
  • 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 established tier.

Where rent sits

Victoria & Westminster averages around £88/sqft/yr · ≈ $112 PSF/yr USD for Class A, against a citywide Class A index of 95. As an established / value submarket, rent runs at or below city average with deeper availability.

Availability dynamics

Corporate and government HQ enclave. Energy majors, infrastructure, government, regulated industries, professional services.

Key facts

cityLondon
submarketVictoria & Westminster
tierestablished
averageRentLocal£88/sqft/yr · ≈ $112 PSF/yr USD
cityClassARentUsd$121/sqft/yr
cityVacancyPct8.6%

Frequently asked questions

What is the average Class A rent in Victoria & Westminster, London?
Around £88/sqft/yr · ≈ $112 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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