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 July 2005

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 * 200 * 205   185
Peterborough   120   135   105
Ipswich   85   90   75
Norwich * 140 * 150 * 95
Bedford   80   90   75
Stevenage * 170 * 185 * 155
Watford * 210 * 230   160
Chelmsford * 205   210   170
Colchester   110   110   120
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EAST MIDLANDS
LOCATION £/m²/ann
Type 1		 £/m²/ann
Type 2		 £/m²/ann
Type 3
Lincoln   100   115   85
Mansfield       90   75
Nottingham * 140 * 150 * 100
Derby * 83 * 95 * 105
Leicester * 140 * 100   100
Northampton (type 1 and 2 edge of town) * 135   135   135

NORTH EAST
LOCATION £/m²/ann
Type 1		 £/m²/ann
Type 2		 £/m²/ann
Type 3
Newcastle upon Tyne * 215 * 200   75
Northumberland (Morpeth)           65
Sunderland   100   100   70
Middlesbrough       100   70
Durham   130   125   100
Teesdale (see below) * 165   170  

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   100
Manchester * 250 * 270   180
Oldham   80   100   70
Altrincham   160   180   150
Stockport   100   110    
Blackburn   90   100   90
Lancaster           90
Preston           95
Chester * 140 * 150   100
Wilmslow * 165 * 180   145
Warrington   160   160   90
Wigan   90   100   70
Carlisle     * 100 * 78
Kendal   100   100   70
Liverpool * 120   130   120
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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) * 175 * 195   120
Canterbury   75   90   95
Chatham Town * 125   135   63
Tunbridge Wells   150 * 180   140
Guildford * 265 * 265   175
Reigate * 225 * 235   170
Milton Keynes * 115 * 140    
Oxford * 195 * 195   185
Reading * 220 * 230   130
Basingstoke * 160 * 160   120
Portsmouth * 130 * 135   95
Southampton * 230 * 240   150
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SOUTH WEST
LOCATION £/m²/ann
Type 1

£/m²/ann
Type 2

£/m²/ann
Type 3
Bournemouth   130   140   90
Weymouth       90   70
Exeter   160   170   145
Barnstaple   85   90   85
Plymouth   115   120   95
Truro   80   120   115
Taunton   115   130   95
Bath * 220 * 220   170
Bristol * 235 * 235   220
Gloucester   105   115   85
Swindon   95   105   110
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WALES
LOCATION £/m²/ann
Type 1		 £/m²/ann
Type 2		 £/m²/ann
Type 3
Cardiff   155   160   155
Carmarthen       80   85
Merthyr Tydfil   75   105   90
Swansea (Enterprise Park)   105   105   90
Bangor   80   85   75
Newport (Gwent)   120   125   125
Wrexham   120   125   115
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WEST MIDLANDS
LOCATION £/m²/ann
Type 1		 £/m²/ann
Type 2		 £/m²/ann
Type 3
Birmingham (see below) * 275 * 275   135
Coventry   108   115   80
West Bromwich   90   95   75
Wolverhampton   93   98   80
Lichfield       145   135
Telford   120   130   85
Hanley       135   110
Solihull * 225   210   125
Redditch * 135 * 140   100
Merryhill   120   125    
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   145   145   130
York * 155 * 170   125
Bradford   132   125   120
Huddersfield   130   135   90
Leeds * 210 * 220   175
Doncaster * 145   140   90
Grimsby   105   75   63
Hull   75   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   85
Dumfries   100       110
Stirling   150   165   125
Glasgow (city centre) * 245 * 200   160
Aberdeen   200   200   200
Inverness   120   145   100
Edinburgh * 290 * 290   205
Hamilton * 145 * 140   90
Dundee * 140 * 140   70
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INNER LONDON
LOCATION £/m²/ann
Type 1		 £/m²/ann
Type 2		 £/m²/ann
Type 3
City Fringe * 300 * 300   190
Canary Wharf * 375 * 375    
High Holborn * 400 * 400 * 305
Islington and Hackney * 300 * 300   190
London Bridge * 300 * 300   210
Hammersmith * 300 * 300    
Mayfair * 775 * 775 * 540
City of London (see below) * 485 * 485   250
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 * 130 * 160   150
Brentford * 210 * 210 * 170
Uxbridge * 245 * 245 * 170
Sidcup   115 * 142   105
Croydon * 200 * 220   155
Richmond * 300 * 325   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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