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 2006

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 * 195 * 200   190
Peterborough   115   125   105
Ipswich   90   90   85
Norwich * 150 * 130 * 95
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       90   75
Nottingham * 145 * 155 * 105
Derby * 95 * 105 * 110
Leicester * 145 * 100   105
Northampton (type 1 and 2 edge of town) * 140   135   150

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NORTH EAST
LOCATION £/m²/ann
Type 1		 £/m²/ann
Type 2		 £/m²/ann
Type 3
Newcastle upon Tyne * 215 * 205   90
Northumberland (Morpeth)           75
Sunderland   100   100   80
Middlesbrough       105   80
Durham   130   130   105
Teesdale (see below) * 170   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   120
Manchester * 300 * 300   180
Oldham   80   100   70
Altrincham   160   180   160
Stockport   110   130    
Blackburn   125   125   95
Lancaster           90
Preston           100
Chester * 150 * 160   100
Wilmslow * 170 * 180   145
Warrington   165   175   95
Wigan   100   120   70
Carlisle     * 100 * 78
Kendal   100   100   70
Liverpool * 180   180   180
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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   85   90   95
Chatham Town * 125   135   63
Tunbridge Wells   150 * 180   140
Guildford * 265 * 270   175
Reigate * 230 * 240   170
Milton Keynes * 115 * 140    
Oxford * 195 * 195   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   120   125   100
Truro   90   130   110
Taunton   120   135   95
Bath * 220 * 235   180
Bristol * 250 * 250   200
Gloucester   125   135   100
Swindon   110   115   115
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WALES
LOCATION £/m²/ann
Type 1		 £/m²/ann
Type 2		 £/m²/ann
Type 3
Cardiff   175   180   155
Carmarthen       80   85
Merthyr Tydfil   83   88   78
Swansea (Enterprise Park)   105   105   90
Bangor   90   100   75
Newport (Gwent)   145   150   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   135
Coventry   115   125   92
West Bromwich   105   100   95
Wolverhampton   95   100   95
Lichfield       145   135
Telford   125   130   90
Hanley       135   110
Solihull * 225   210   125
Redditch * 135 * 140   100
Merryhill   130   140    
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   105
Bradford   140   145   125
Huddersfield   155   155   105
Leeds * 220 * 225   185
Doncaster * 150   145   100
Grimsby   110   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   107   107   100
Dumfries   100       110
Stirling   150   165   125
Glasgow (city centre) * 250 * 200   160
Aberdeen   215   215   205
Inverness   150   165   120
Edinburgh * 290 * 290   205
Hamilton * 150 * 145   110
Dundee * 140 * 140   85
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INNER LONDON
LOCATION £/m²/ann
Type 1		 £/m²/ann
Type 2		 £/m²/ann
Type 3
City Fringe * 300 * 300   210
Canary Wharf * 400 * 400    
High Holborn * 425 * 400 * 320
Islington and Hackney * 300 * 300   210
London Bridge * 325 * 325   275
Hammersmith * 300 * 300    
Mayfair * 800 * 800 * 565
City of London (see below) * 500 * 500   265
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 * 140 * 170   160
Brentford * 210 * 210 * 170
Uxbridge * 245 * 245 * 170
Sidcup   115   240   130
Croydon * 200 * 220   155
Richmond * 310 * 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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