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Business Rates Revaluation

UK Cities Office Markets

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Development Partnership

City Core

The City Core is the largest of the London submarkets, accounting for just over a quarter of London’s office stock and is one of the capital’s key central business districts. The submarket is home to London’s largest lettable towers including 22 Bishopsgate and 40 Leadenhall and is the main home to financial and legal services occupiers.

About the numbers: The 2026 List estimate reflects the value per m2 on Grade A offices in this submarket based on rental values in April 2024. The percentage change is calculated by comparing this figure to the existing 2023 List value per m2. About the numbers: The 2023 List figures £m2 (Zone A) reflect the existing rateable values adopted for Prime Retail in each location. The 2026 List values are predictions and estimates of the potential £m2 (Zone A) for each location, considering research undertaken.
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