OFFICE SPACE / ENGLAND
Office space in Westminster
Where the offices are in Westminster, which areas cost less, and what business rates would be, from the Valuation Office's official figures. These count offices, occupied or empty; they are not listings.
- OFFICES (2026)
- About 20,450
- SERVICED OFFICES (2026)
- About 6,750
- RATEABLE VALUE PER M² (2025)
- £619
- AREAS
- 24
Where the offices are
The areas of Westminster with the most office premises: the most choice.
| Area | Offices (2026) | Office floorspace | Rateable value per m² |
|---|---|---|---|
| Fitzrovia West & Soho | 6,590 | 1,157,000 m² | £598about 12% above the Westminster average |
| Strand, St James & Mayfair | 5,360 | 1,379,000 m² | £593about 11% above the Westminster average |
| Marylebone & Park Lane | 2,250 | 444,000 m² | £608about 14% above the Westminster average |
| Central Westminster | 1,360 | 735,000 m² | £434about 19% below the Westminster average |
| Bayswater East | 900 | 131,000 m² | £446about 17% below the Westminster average |
| Victoria | 740 | 146,000 m² | £468about 13% below the Westminster average |
| Bryanston & Dorset Square | 700 | 99,000 m² | £402about 25% below the Westminster average |
| Knightsbridge, Belgravia & Hyde Park | 690 | 180,000 m² | £483about 10% below the Westminster average |
| Paddington & St George's Fields | 670 | 112,000 m² | £510about 5% below the Westminster average |
| Regent's Park | 430 | 88,000 m² | £376about 30% below the Westminster average |
| Pimlico North | 200 | 26,000 m² | £415about 22% below the Westminster average |
| Millbank | 100 | 143,000 m² | £342about 36% below the Westminster average |
| Church Street | 80 | 15,000 m² | £281about 47% below the Westminster average |
| Queensway | 80 | 14,000 m² | £354about 34% below the Westminster average |
| St John's Wood South | 50 | 5,000 m² | £321about 40% below the Westminster average |
Lower-cost office areas
Areas with at least 50 offices and a rateable value per m² at least 15% below the Westminster average.
| Area | Offices (2026) | Office floorspace | Rateable value per m² |
|---|---|---|---|
| Central Westminster | 1,360 | 735,000 m² | £434about 19% below the Westminster average |
| Bayswater East | 900 | 131,000 m² | £446about 17% below the Westminster average |
| Bryanston & Dorset Square | 700 | 99,000 m² | £402about 25% below the Westminster average |
| Regent's Park | 430 | 88,000 m² | £376about 30% below the Westminster average |
| Pimlico North | 200 | 26,000 m² | £415about 22% below the Westminster average |
| Millbank | 100 | 143,000 m² | £342about 36% below the Westminster average |
Business rates
What would the business rates be?
A year's bill in England, 2026 to 2027, before any relief other than small business rate relief.
About £34,032 a year.
A rateable value of about £70,900 (the Westminster average for offices, raised by the average 2026 revaluation rise), times the standard multiplier of 48p.
A guide only: the council sends the bill, and transitional relief, other reliefs and the actual valuation change it. Find a property's rateable value with Find a business rates valuation. Sources: gov.uk, gov.uk.
Where to find premises for sale or to let
- Find a business rates valuation
Rateable values of offices in a council: choose Advanced, special category 203.
- Government Property Finder
Public-sector buildings and land for sale or to let.
- Rightmove Commercial
Offices from agents, for sale and to let.
- LoopNet UK
Offices from agents, for sale and to let.
Looking near a particular street? Search by postcode.
Other councils in England with many offices
About these figures
- Office premises are the rated offices the Valuation Office counts, occupied or empty, on 31 March 2026: how much office space an area has, not what is on the market today. Counts are rounded to the nearest 10, and small numbers are not published.
- Rateable value is the Valuation Office's estimate of a year's open-market rent on a past valuation date, not an asking price or rent, and leaves out service charges and VAT. The area figures are for 2023; use them to compare areas, not to budget.
- Areas are ONS middle-layer super output areas, of about 7,000 residents each.
Contains public sector information licensed under the Open Government Licence v3.0 (Valuation Office, HMRC). Source: Office for National Statistics, licensed under the Open Government Licence v3.0; contains OS data © Crown copyright and database right 2026, and Royal Mail data © Royal Mail copyright and database right 2026. Area names: House of Commons Library, Open Parliament Licence.