Commercial leases by town

Not legal advice. This page has not been reviewed by a solicitor. The figures are official statistics run through our calculators, not a quote.

How do business premises compare between towns?

As of March 2026, offices in Westminster had the highest average rateable value of the towns below, at £613 per m², and Redcar and Cleveland the lowest, at £46; the England and Wales figure is £204. Together these towns have about 1,936,990 business premises on the rating list.

Updated 2 November 2026

Premises, rateable values and energy ratings by town

VOA, 2023 rating list at 31 March 2026 (counts rounded by the VOA; rateable value per m² is total rateable value divided by floorspace). F/G share: non-domestic EPCs lodged in the last four quarters (MHCLG, updated 2026-10-29).
Town	Premises	Offices, per m²	Shops, per m²	Industrial, per m²	EPCs rated F or G
Adur	2,300	£113	£147	£61	0.0%
Amber Valley	3,990	£64	£102	£31	3.4%
Arun	4,970	£94	£129	£51	0.4%
Ashfield	4,000	£87	£85	£37	3.1%
Ashford	5,450	£138	£141	£49	3.5%
Babergh	3,730	£88	£111	£33	0.0%
Barking and Dagenham	4,590	£130	£160	£66	0.0%
Barnet	8,140	£180	£225	£80	0.4%
Barnsley	9,110	£88	£93	£30	0.9%
Basildon	5,000	£131	£146	£67	1.9%
Basingstoke and Deane	4,520	£144	£144	£68	2.5%
Bassetlaw	4,590	£65	£95	£30	1.7%
Bath and North East Somerset	6,620	£160	£176	£49	0.4%
Bexley	5,390	£107	£141	£71	0.7%
Birmingham	46,940	£158	£130	£42	1.4%
Blaby	2,450	£106	£210	£43	2.6%
Blackburn with Darwen	8,440	£70	£86	£29	0.5%
Blackpool	6,540	£70	£83	£29	1.2%
Blaenau Gwent	2,300	£76	£67	£27	4.8%
Bolsover	2,490	£69	£101	£37	1.0%
Boston	2,520	£71	£93	£24	0.0%
Bournemouth, Christchurch and Poole	16,030	£119	£139	£59	0.8%
Bracknell Forest	2,590	£162	£160	£83	0.0%
Bradford	19,910	£57	£97	£33	0.7%
Breckland	4,700	£93	£97	£31	0.5%
Brent	9,190	£181	£203	£99	0.4%
Brentwood	2,580	£182	£161	£42	0.9%
Bridgend	5,450	£81	£104	£27	1.2%
Brighton and Hove	11,470	£168	£188	£85	0.0%
Bristol, City of	16,530	£171	£134	£46	1.1%
Broadland	3,960	£126	£116	£34	0.7%
Bromley	7,430	£162	£175	£86	1.1%
Bromsgrove	3,420	£105	£108	£44	0.0%
Broxbourne	2,400	£152	£152	£81	0.0%
Broxtowe	2,750	£94	£128	£34	0.8%
Buckinghamshire	15,760	£144	£160	£60	2.0%
Burnley	5,460	£66	£77	£27	2.2%
Bury	6,250	£104	£114	£31	1.1%
Caerphilly	5,450	£71	£94	£27	1.4%
Calderdale	9,880	£80	£95	£28	2.6%
Cambridge	4,270	£303	£200	£75	0.6%
Camden	18,270	£473	£368	£126	1.3%
Cannock Chase	3,690	£91	£111	£37	2.4%
Canterbury	6,490	£114	£136	£50	1.3%
Cardiff	13,740	£120	£136	£33	1.3%
Carmarthenshire	7,640	£68	£89	£20	3.9%
Castle Point	2,110	£101	£122	£36	1.4%
Central Bedfordshire	7,400	£119	£131	£51	1.5%
Ceredigion	4,150	£73	£95	£25	1.3%
Charnwood	4,910	£92	£110	£37	1.6%
Chelmsford	5,230	£166	£167	£62	1.0%
Cheltenham	4,020	£135	£165	£54	0.0%
Cherwell	5,240	£118	£294	£56	1.0%
Cheshire East	15,610	£109	£128	£38	1.9%
Cheshire West and Chester	12,530	£99	£147	£37	0.5%
Chesterfield	4,410	£83	£108	£36	1.3%
Chichester	5,620	£129	£164	£57	0.4%
Chorley	3,800	£86	£107	£35	0.6%
City of London	17,670	£463	£553	£118	0.5%
Colchester	6,240	£129	£127	£45	1.0%
Conwy	5,850	£73	£106	£29	2.2%
Cornwall	36,240	£86	£117	£36	1.5%
Cotswold	5,450	£110	£156	£48	0.6%
County Durham	16,160	£69	£98	£24	1.6%
Crawley	3,730	£173	£155	£98	0.7%
Croydon	8,320	£195	£153	£93	1.2%
Cumberland	12,680	£79	£94	£20	2.0%
Dacorum	4,320	£168	£140	£88	0.4%
Darlington	4,000	£76	£90	£26	0.4%
Dartford	3,530	£168	£220	£75	0.6%
Denbighshire	4,450	£61	£97	£26	2.3%
Derby	8,380	£89	£111	£41	1.0%
Dover	4,250	£94	£115	£28	2.1%
Dudley	10,470	£72	£104	£37	1.1%
Ealing	10,930	£188	£219	£95	0.2%
East Cambridgeshire	2,650	£133	£130	£31	0.0%
East Devon	7,510	£109	£120	£39	2.1%
East Hampshire	4,140	£121	£147	£53	0.0%
East Hertfordshire	5,020	£159	£149	£63	1.8%
East Lindsey	7,400	£62	£88	£20	0.0%
East Riding of Yorkshire	12,390	£69	£103	£20	0.5%
East Staffordshire	4,190	£76	£105	£39	2.6%
East Suffolk	13,100	£80	£108	£29	1.6%
Eastbourne	3,100	£86	£131	£58	0.6%
Eastleigh	3,180	£153	£129	£63	1.0%
Elmbridge	3,840	£218	£193	£79	0.5%
Enfield	7,190	£148	£178	£85	0.3%
Epping Forest	4,640	£130	£182	£59	2.4%
Erewash	3,720	£67	£93	£24	3.3%
Fareham	3,280	£128	£112	£64	2.2%
Fenland	3,140	£68	£90	£27	0.8%
Flintshire	5,690	£75	£121	£27	3.3%
Folkestone and Hythe	4,290	£85	£111	£42	0.6%
Forest of Dean	3,410	£70	£96	£32	6.6%
Gateshead	6,870	£86	£147	£33	0.3%
Gedling	2,740	£78	£126	£30	0.8%
Gosport	2,000	£97	£99	£57	0.0%
Gravesham	2,340	£109	£119	£57	1.6%
Great Yarmouth	5,070	£62	£85	£26	2.9%
Guildford	4,500	£222	£232	£73	0.4%
Gwynedd	8,610	£63	£88	£22	1.4%
Hackney	12,310	£358	£225	£174	0.4%
Halton	3,900	£91	£99	£36	0.5%
Hammersmith and Fulham	9,930	£392	£332	£122	0.3%
Harborough	3,370	£110	£131	£43	1.9%
Haringey	7,390	£163	£219	£95	0.8%
Harlow	2,420	£121	£133	£74	0.0%
Harrow	5,630	£150	£191	£87	0.0%
Hart	2,360	£156	£155	£96	1.7%
Hartlepool	2,980	£60	£87	£19	2.8%
Hastings	3,620	£84	£110	£49	1.2%
Havant	3,330	£104	£115	£66	0.0%
Havering	6,060	£148	£151	£59	1.3%
Herefordshire, County of	8,460	£77	£97	£29	1.2%
Hertsmere	3,230	£217	£191	£84	1.6%
High Peak	3,880	£70	£111	£28	0.0%
Hillingdon	8,950	£221	£187	£95	0.7%
Hinckley and Bosworth	3,390	£73	£102	£42	1.7%
Horsham	5,010	£124	£156	£61	0.9%
Hounslow	7,730	£303	£206	£105	0.7%
Hyndburn	3,420	£65	£76	£26	1.7%
Ipswich	4,760	£95	£106	£37	0.6%
Isle of Anglesey	3,730	£49	£85	£20	0.0%
Isle of Wight	7,650	£71	£100	£36	4.0%
Islington	12,240	£363	£256	£124	0.6%
Kensington and Chelsea	8,790	£436	£396	£139	0.0%
King's Lynn and West Norfolk	6,770	£80	£94	£25	4.0%
Kingston upon Hull, City of	9,340	£58	£89	£24	1.8%
Kingston upon Thames	4,570	£203	£174	£111	0.5%
Kirklees	16,360	£78	£100	£28	3.3%
Lambeth	9,120	£295	£233	£137	1.1%
Lancaster	5,360	£78	£102	£28	0.9%
Leeds	31,750	£144	£146	£41	1.4%
Lewes	3,750	£112	£140	£51	1.0%
Lichfield	3,100	£83	£129	£43	2.6%
Lincoln	3,570	£83	£118	£29	1.6%
Liverpool	20,100	£110	£124	£30	1.9%
Luton	5,600	£114	£129	£63	1.6%
Maidstone	5,350	£131	£147	£54	0.4%
Maldon	2,590	£102	£135	£38	1.9%
Malvern Hills	3,070	£82	£124	£37	2.7%
Manchester	27,170	£185	£146	£42	1.4%
Mansfield	3,400	£68	£89	£33	1.9%
Medway	6,530	£107	£124	£52	1.5%
Merton	5,360	£228	£205	£91	0.6%
Mid Devon	3,620	£73	£107	£33	1.4%
Mid Suffolk	3,670	£85	£102	£36	8.2%
Mid Sussex	4,700	£130	£148	£70	1.4%
Middlesbrough	4,660	£74	£84	£23	0.5%
Milton Keynes	8,930	£129	£173	£63	0.9%
Mole Valley	3,130	£204	£173	£80	1.5%
Monmouthshire	3,510	£81	£121	£28	1.0%
Neath Port Talbot	4,580	£63	£87	£20	2.1%
New Forest	7,460	£117	£147	£38	0.6%
Newark and Sherwood	4,410	£75	£104	£29	2.7%
Newcastle upon Tyne	12,000	£111	£119	£34	0.5%
Newcastle-under-Lyme	3,660	£84	£96	£38	3.3%
Newham	8,140	£221	£252	£84	0.3%
Newport	5,020	£85	£81	£33	2.6%
North Devon	6,430	£78	£108	£32	0.7%
North East Derbyshire	3,010	£73	£103	£31	1.0%
North East Lincolnshire	5,600	£60	£83	£15	4.7%
North Hertfordshire	4,810	£103	£154	£48	0.4%
North Lincolnshire	5,800	£54	£87	£13	1.8%
North Norfolk	7,970	£75	£109	£25	0.7%
North Northamptonshire	11,950	£78	£105	£39	2.2%
North Somerset	6,570	£112	£120	£35	0.7%
North Tyneside	6,390	£99	£114	£30	1.8%
North Warwickshire	2,550	£108	£104	£48	1.7%
North West Leicestershire	3,570	£108	£107	£50	1.4%
North Yorkshire	33,390	£92	£118	£31	1.9%
Northumberland	14,440	£85	£107	£26	1.6%
Norwich	6,890	£98	£121	£39	1.8%
Nottingham	11,720	£102	£127	£35	2.0%
Nuneaton and Bedworth	3,250	£86	£97	£46	1.2%
Oldham	8,050	£96	£103	£25	2.3%
Oxford	4,540	£188	£209	£60	0.4%
Pembrokeshire	7,290	£64	£90	£23	0.5%
Pendle	3,940	£76	£75	£23	1.1%
Plymouth	7,910	£94	£124	£41	1.1%
Portsmouth	6,770	£124	£138	£61	1.0%
Powys	7,460	£58	£77	£22	3.8%
Preston	6,440	£71	£105	£30	1.0%
Reading	5,600	£240	£182	£84	1.1%
Redbridge	6,720	£146	£189	£71	0.4%
Redcar and Cleveland	4,470	£46	£97	£24	4.0%
Redditch	2,600	£95	£123	£47	2.0%
Reigate and Banstead	3,700	£201	£156	£69	2.0%
Rhondda Cynon Taf	8,130	£80	£91	£28	1.1%
Ribble Valley	2,770	£81	£108	£33	1.2%
Richmond upon Thames	5,640	£267	£241	£114	1.1%
Rochdale	9,110	£89	£100	£37	1.1%
Rochford	3,050	£107	£142	£40	0.0%
Rossendale	2,840	£67	£90	£23	4.8%
Rother	4,650	£75	£116	£36	2.2%
Rotherham	7,930	£65	£110	£28	2.3%
Runnymede	2,780	£275	£179	£77	0.0%
Rushmoor	2,670	£167	£146	£84	2.4%
Sandwell	10,780	£86	£102	£34	1.3%
Sevenoaks	4,320	£177	£173	£69	2.0%
Sheffield	18,940	£104	£135	£32	1.9%
Shropshire	12,940	£81	£112	£29	0.8%
Slough	3,450	£196	£147	£131	0.0%
Solihull	5,330	£165	£147	£56	0.0%
Somerset	22,990	£89	£120	£38	1.2%
South Cambridgeshire	5,640	£248	£135	£47	4.2%
South Derbyshire	2,480	£71	£114	£33	2.9%
South Gloucestershire	7,880	£148	£159	£42	1.3%
South Hams	6,460	£91	£144	£43	0.4%
South Holland	3,000	£63	£115	£26	0.8%
South Kesteven	4,710	£81	£95	£26	0.4%
South Norfolk	5,000	£102	£122	£28	2.5%
South Oxfordshire	4,790	£131	£163	£58	0.8%
South Staffordshire	2,890	£103	£117	£38	0.0%
South Tyneside	3,860	£62	£88	£21	0.0%
Southampton	6,700	£149	£132	£46	1.4%
Southend-on-Sea	5,680	£103	£111	£50	0.5%
Southwark	12,850	£391	£241	£137	0.8%
Spelthorne	2,430	£197	£160	£90	0.0%
St Albans	3,980	£218	£185	£75	1.5%
St. Helens	4,820	£81	£97	£39	0.8%
Stafford	4,520	£88	£108	£35	1.2%
Staffordshire Moorlands	3,170	£58	£100	£21	3.5%
Stevenage	2,290	£152	£146	£77	0.0%
Stockport	11,370	£122	£120	£38	0.5%
Stockton-on-Tees	5,880	£72	£119	£24	2.0%
Stoke-on-Trent	9,390	£79	£88	£34	2.1%
Stratford-on-Avon	6,100	£115	£145	£40	0.4%
Sunderland	8,320	£83	£105	£34	0.6%
Surrey Heath	2,940	£158	£145	£74	2.2%
Sutton	3,980	£157	£154	£99	0.0%
Swale	4,910	£102	£121	£32	0.5%
Swansea	8,280	£74	£101	£24	0.8%
Swindon	5,680	£114	£140	£49	1.1%
Tameside	7,740	£86	£109	£32	0.9%
Tamworth	2,150	£98	£146	£52	1.8%
Tandridge	2,910	£136	£157	£44	1.2%
Teignbridge	5,600	£87	£95	£41	0.4%
Telford and Wrekin	5,510	£87	£132	£34	0.9%
Tendring	8,730	£96	£104	£34	0.6%
Test Valley	4,940	£129	£130	£56	0.6%
Tewkesbury	3,160	£128	£150	£51	3.2%
Thanet	5,720	£79	£109	£45	0.9%
Three Rivers	2,100	£231	£209	£86	0.8%
Thurrock	4,440	£113	£165	£55	0.7%
Tonbridge and Malling	3,790	£178	£178	£67	1.7%
Torfaen	3,160	£86	£101	£29	1.0%
Torridge	3,980	£58	£98	£27	11.8%
Tower Hamlets	18,090	£278	£296	£137	0.4%
Trafford	10,920	£119	£185	£41	0.6%
Tunbridge Wells	4,040	£156	£171	£56	4.7%
Uttlesford	3,530	£170	£159	£60	1.5%
Vale of Glamorgan	4,020	£95	£107	£23	0.5%
Vale of White Horse	4,050	£189	£143	£64	0.7%
Wakefield	11,960	£72	£99	£38	1.5%
Walsall	8,370	£68	£93	£33	1.3%
Waltham Forest	6,960	£152	£188	£92	0.9%
Wandsworth	8,480	£273	£228	£112	0.8%
Warrington	7,010	£104	£120	£44	1.4%
Warwick	5,410	£123	£148	£59	0.4%
Watford	2,950	£222	£152	£109	0.8%
Waverley	4,030	£175	£181	£71	2.2%
Wealden	6,890	£93	£132	£50	0.8%
Welwyn Hatfield	3,050	£170	£136	£97	1.0%
West Berkshire	6,000	£156	£157	£50	1.9%
West Devon	2,500	£84	£119	£30	0.0%
West Lindsey	3,090	£67	£91	£21	2.3%
West Northamptonshire	12,370	£92	£113	£49	2.0%
West Oxfordshire	4,430	£137	£155	£48	2.1%
West Suffolk	6,510	£113	£129	£38	1.3%
Westminster	35,540	£613	£658	£198	0.4%
Westmorland and Furness	15,290	£74	£100	£27	3.7%
Wigan	9,870	£86	£99	£32	0.9%
Winchester	5,160	£147	£179	£51	2.3%
Windsor and Maidenhead	4,830	£215	£166	£83	0.8%
Wirral	8,600	£83	£102	£33	0.3%
Woking	2,800	£213	£169	£101	1.0%
Wokingham	4,380	£196	£192	£84	0.6%
Wolverhampton	8,990	£94	£98	£35	1.1%
Worcester	3,130	£99	£118	£47	1.7%
Worthing	3,290	£110	£124	£57	0.6%
Wychavon	5,250	£107	£116	£39	0.8%
York	7,130	£126	£158	£43	0.7%
England and Wales	2,138,260	£204	£144	£42	1.3%

What the figures tell you, and what they don't

Rateable value is the VOA's estimate of a property's annual rent on a set date, so a higher figure per m² usually means a pricier local market. These are 2023-list figures: a new rating list took effect on 1 April 2026, and business rates bills now use it. They describe the whole stock, not the unit you're looking at, so check your own premises on GOV.UK and work out the bill with the business rates calculator.

The energy ratings matter because, since 1 April 2023, a landlord in England and Wales can't continue to let most non-domestic premises rated F or G unless an exemption is registered. Ask for the EPC before you agree terms.

Before you sign a lease

Got a draft lease? We'll introduce you to an independent SRA-regulated property solicitor, who confirms their fee in writing before any work starts.

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Sources: VOA, Non-domestic rating: stock of properties, March 2026 and Non-domestic rating: business floorspace, March 2026; MHCLG, EPC live tables; the Energy Efficiency (Private Rented Property) Regulations 2015. Contains public sector information licensed under the Open Government Licence v3.0.