London has 7 distinct Class A submarkets we track, anchored by City of London at the trophy tier.
London has 7 distinct Class A submarkets we track, anchored by City of London at the trophy tier.
**City of London** (trophy, ~£95/sqft/yr · ≈ $121 PSF/yr USD) — The historic Square Mile — banking, insurance, law. **Mayfair & St James's** (trophy, ~£165/sqft/yr · ≈ $210 PSF/yr USD) — The deepest hedge fund and family office cluster in EMEA. **King's Cross** (prime, ~£92/sqft/yr · ≈ $117 PSF/yr USD) — Tech-led estate around the Eurostar terminus. **Shoreditch & Tech Belt** (prime, ~£80/sqft/yr · ≈ $102 PSF/yr USD) — Old Street to Whitechapel — creative-class spine. **Canary Wharf** (prime, ~£65/sqft/yr · ≈ $82.6 PSF/yr USD) — Estate-managed banking campus on the Isle of Dogs. **Fitzrovia & Soho** (prime, ~£110/sqft/yr · ≈ $140 PSF/yr USD) — Media and tech HQs in the heart of the West End. **Victoria & Westminster** (established, ~£88/sqft/yr · ≈ $112 PSF/yr USD) — Corporate and government HQ enclave.
| city | London |
|---|---|
| country | United Kingdom |
| region | EMEA |
| classARentLocal | 95 GBP/sqft/yr |
| classARentUsd | $121/sqft/yr |
| vacancy | 8.6% |
| typicalLeaseYears | 10 |
| typicalRentFreeMonths | 24 |
| submarkets | 7 |
| primeYieldPct | 4.5% |
| trophyCount | 2 |
| primeCount | 4 |
Reviewed by Samuel Okafor — EMEA contributing editor. Last updated 2026-04-15. See our methodology and editorial standards.