Offices

Contents

East of England

East Midlands

North East

North West/Merseyside

South East

South West

Wales

West Midlands

Yorkshire and the Humber

Scotland

Inner London

Outer London

Northern Ireland

Rental values as at 1 January 2007

The following tables indicate headline rental values on full repairing terms with no inducements reported by DVs for three types of office accommodation.Where there is no entry the beacon type is not typical within the locality.

Type 1

Town centre location. Self contained suite over 1,000 sq.m in office block erected in last 10 years, good standard of finish with a lift and good quality fittings to common parts. Limited car parking available.

Type 2

As Type 1 but suite size in range of 150sq.m-400sq.m.

Type 3

Converted former house usually just off town centre. Good quality conversion of Georgian/Victorian or similar house of character. Best quality fittings throughout. Self contained suite in size range 50sq.m-150sq.m, with central heating and limited car parking.

* Denotes accommodation with air conditioning.

EAST OF ENGLAND
LOCATION £/m²/ann
Type 1		 £/m²/ann
Type 2		 £/m²/ann
Type 3
Cambridge * 215 * 220   205
Peterborough   115   125   105
Ipswich   95   90   85
Norwich * 135 * 150 * 105
Bedford   80   90   75
Stevenage * 170 * 185 * 145
Watford * 200 * 220   150
Chelmsford * 210   205   170
Colchester   125   110   120

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EAST MIDLANDS
LOCATION £/m²/ann
Type 1		 £/m²/ann
Type 2		 £/m²/ann
Type 3
Lincoln   105   120   85
Mansfield       95   80
Nottingham * 145 * 155 * 110
Derby * 95 * 105 * 110
Leicester * 145 * 110   110
Northampton (type 1 and 2 edge of town) * 150   145   155

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NORTH EAST
LOCATION £/m²/ann
Type 1		 £/m²/ann
Type 2		 £/m²/ann
Type 3
Newcastle upon Tyne * 215 * 210   95
Northumberland (Morpeth)           75
Sunderland   100   100   85
Middlesbrough       105   80
Durham   140   140   110
Teesdale (see below) * 180   180   80

Type 1 and 2 are out of town at Thornaby, Middlesbrough
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NORTH WEST/ MERSEYSIDE
LOCATION £/m²/ann
Type 1		 £/m²/ann
Type 2		 £/m²/ann
Type 3
Bolton   100   120   120
Manchester * 300 * 300   180
Oldham   80   100   70
Altrincham   160   180   160
Stockport   110   130    
Blackburn   130   130   95
Lancaster           90
Preston           100
Chester * 150 * 160   100
Wilmslow * 170 * 180   145
Warrington   165   175   95
Wigan   100   120   70
Carlisle     * 105 * 85
Kendal   100   100   70
Liverpool * 165   180   150

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SOUTH EAST
LOCATION £/m²/ann
Type 1		 £/m²/ann
Type 2		 £/m²/ann
Type 3
Crawley * 265   275    
Brighton (new location) * 180 * 200   125
Canterbury   85   90   95
Chatham Town * 125   135   63
Tunbridge Wells   150 * 180   140
Guildford * 270 * 275   180
Reigate * 240 * 245   170
Milton Keynes * 125 * 150    
Oxford * 200 * 210   185
Reading * 220 * 225   125
Basingstoke * 160 * 160   120
Portsmouth * 140 * 135   95
Southampton * 225 * 230   150

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SOUTH WEST
LOCATION £/m²/ann
Type 1		 £/m²/ann
Type 2		 £/m²/ann
Type 3
Bournemouth   175   185   100
Weymouth       100   85
Exeter   165   170   145
Barnstaple   85   100   90
Plymouth   130   135   110
Truro   95   135   115
Taunton   130   145   95
Bath * 220 * 235   180
Bristol * 250 * 250   200
Gloucester   145   160   100
Swindon   115   120   115

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WALES
LOCATION £/m²/ann
Type 1		 £/m²/ann
Type 2		 £/m²/ann
Type 3
Cardiff   175   185   155
Carmarthen       80   85
Merthyr Tydfil   85   90   80
Swansea (Enterprise Park)   110   120   100
Bangor   90   100   75
Newport (Gwent)   150   155   130
Wrexham   100   110   115

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WEST MIDLANDS
LOCATION £/m²/ann
Type 1		 £/m²/ann
Type 2		 £/m²/ann
Type 3
Birmingham (see below) * 280 * 280   140
Coventry   120   130   100
West Bromwich   115   110   100
Wolverhampton   100   110   95
Lichfield       145   135
Telford   125   130   90
Hanley       150   110
Solihull * 225   220   130
Redditch * 135 * 140   100
Merryhill   140   150    

The values for Birmingham are based on the central business district within the Inner Ring Road.
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YORKSHIRE AND THE HUMBER
LOCATION £/m²/ann
Type 1		 £/m²/ann
Type 2		 £/m²/ann
Type 3
Harrogate   150   160   140
York * 155 * 175   110
Bradford   115   120   100
Huddersfield   160   160   110
Leeds * 230 * 235   195
Doncaster * 155   150   100
Grimsby   100   75   65
Hull   85   75   65
Sheffield * 155   155   120
Wakefield (new location)   145   150   110

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SCOTLAND
LOCATION £/m²/ann
Type 1		 £/m²/ann
Type 2		 £/m²/ann
Type 3
Ayr   120   120   110
Dumfries   100       110
Stirling   150   165   125
Glasgow (city centre) * 280 * 200   170
Aberdeen   230   230   210
Inverness   150   165   120
Edinburgh * 295 * 295   205
Hamilton * 160 * 140   110
Dundee * 145 * 145   90

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INNER LONDON
LOCATION £/m²/ann
Type 1		 £/m²/ann
Type 2		 £/m²/ann
Type 3
City Fringe * 350 * 350   250
Canary Wharf * 425 * 425    
High Holborn * 440 * 450 * 350
Islington and Hackney * 330 * 330   250
London Bridge * 375 * 375   300
Hammersmith * 325 * 325    
Mayfair * 835 * 835 * 565
City of London (see below) * 620 * 620   300

Type 1 is for space in excess of 1000 sq m built within the last two years.
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OUTER LONDON
LOCATION £/m²/ann
Type 1		 £/m²/ann
Type 2		 £/m²/ann
Type 3
Romford * 135 * 145   130
Ilford * 130 * 140   130
Finchley Central * 145 * 185   160
Brentford * 215 * 215 * 170
Uxbridge * 245 * 245 * 170
Sidcup   115   140   145
Croydon * 210 * 225   155
Richmond * 310 * 335   300

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NORTHERN IRELAND
LOCATION £/m²/ann
Type 1		 £/m²/ann
Type 2		 £/m²/ann
Type 3
Belfast * 135 * 140   102

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