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 2008

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 * 220 * 225   210
Peterborough   125   135   110
Ipswich   100   100   90
Norwich * 145 * 160 * 115
Bedford   85   95   80
Stevenage * 165 * 175 * 140
Watford * 195 * 215   150
Chelmsford * 220   215   185
Colchester   125   110   120

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EAST MIDLANDS
LOCATION £/m²/ann
Type 1		 £/m²/ann
Type 2		 £/m²/ann
Type 3
Lincoln   110   120   85
Mansfield       100   90
Nottingham * 150 * 160 * 140
Derby * 95 * 105 * 110
Leicester * 145 * 160   115
Northampton (type 1 and 2 edge of town) * 160   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)           85
Sunderland   100   100   85
Middlesbrough       130   83
Durham   150   150   115
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   110   120   110
Manchester * 300 * 285   180
Oldham   90   110   70
Altrincham   160   170   150
Stockport   110   130    
Blackburn   130   130   100
Lancaster           95
Preston           100
Chester * 145 * 150   110
Wilmslow * 150 * 155   125
Warrington   165   175   95
Wigan   100   120   75
Carlisle     * 125 * 95
Kendal   100   100   70
Liverpool * 170   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 * 200 * 220   135
Canterbury   130   135   140
Chatham Town * 125   135   63
Tunbridge Wells   150 * 180   140
Guildford * 255 * 260   180
Reigate * 240 * 245   180
Milton Keynes * 130 * 150    
Oxford * 210 * 215   190
Reading * 225 * 230   130
Basingstoke * 180 * 180   125
Portsmouth * 150 * 150   100
Southampton * 225 * 235   170

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SOUTH WEST
LOCATION £/m²/ann
Type 1		 £/m²/ann
Type 2		 £/m²/ann
Type 3
Bournemouth   190   195   125
Weymouth       105   90
Exeter   170   175   150
Barnstaple   90   105   95
Plymouth   135   140   125
Truro   110   140   135
Taunton   145   150   110
Bath * 220 * 235   180
Bristol * 270 * 270   200
Gloucester   140   150   100
Swindon   155   135   120

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WALES
LOCATION £/m²/ann
Type 1		 £/m²/ann
Type 2		 £/m²/ann
Type 3
Cardiff   185   195   155
Carmarthen       85   85
Merthyr Tydfil   100   105   80
Swansea (Enterprise Park)   120   120   110
Bangor   110   130   85
Newport (Gwent)   150   160   130
Wrexham   110   130   120

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WEST MIDLANDS
LOCATION £/m²/ann
Type 1		 £/m²/ann
Type 2		 £/m²/ann
Type 3
Birmingham (see below) * 290 * 290   160
Coventry   125   130   100
West Bromwich   120   115   100
Wolverhampton   102   110   97
Lichfield       160   135
Telford   125   130   95
Hanley       145   120
Solihull * 225   220   130
Redditch * 135 * 140   100
Merryhill   145   155    

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   115
Bradford   115   120   90
Huddersfield   165   170   115
Leeds * 230 * 235   195
Doncaster * 155   155   105
Grimsby   100   75   65
Hull   95   100   65
Sheffield * 165   165   125
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       100
Stirling   150   165   125
Glasgow (city centre) * 280 * 200   170
Aberdeen   250   250   210
Inverness   150   165   120
Edinburgh * 310 * 295   185
Hamilton * 160 * 140   110
Dundee * 150 * 150   90

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INNER LONDON
LOCATION £/m²/ann
Type 1		 £/m²/ann
Type 2		 £/m²/ann
Type 3
City Fringe * 400 * 400   300
Canary Wharf * 500 * 500    
High Holborn * 570 * 570 * 380
Islington and Hackney * 375 * 375   300
London Bridge * 485 * 485   325
Hammersmith * 350 * 350    
Mayfair * 1075 * 1075 * 650
City of London (see below) * 675 * 675   400

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 * 150 * 160   150
Ilford * 155 * 140   130
Finchley Central * 165 * 200   175
Brentford * 200 * 200 * 170
Uxbridge * 240 * 240 * 170
Sidcup   145   170   200
Croydon * 230 * 240   160
Richmond * 300 * 320   300

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NORTHERN IRELAND
LOCATION £/m²/ann
Type 1		 £/m²/ann
Type 2		 £/m²/ann
Type 3
Belfast * 140 * 145   102

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