Commercial property to rent in Kensington and Chelsea: rental values and leases
The local business premises, their rateable values and energy ratings, and what to check in a lease.
Last checked: 2 November 2026, against the Valuation Office Agency statistics and the MHCLG Energy Performance of Buildings tables.
Not legal advice. This page has not been reviewed by a solicitor. The figures are official statistics run through our calculators, not a quote.
What should I know about taking a commercial lease in Kensington and Chelsea?
As of March 2026, Kensington and Chelsea has about 8,790 business premises on the rating list, with offices at an average rateable value of £436 per m² and shops at £396 per m². Before you sign a lease, check the rent review, repairs, break clause and the premises' energy rating.
Updated
Got a draft lease for premises in Kensington and Chelsea? We'll introduce you to an independent SRA-regulated property solicitor, who confirms their fee in writing before any work starts.
Get a lease review quoteWhat does commercial property rent for in Kensington and Chelsea?
The VOA's rateable value is its estimate of an appropriate annual rent for a property, assuming the tenant pays the business rates, repairs and insurance. It is not a current market rent or an asking rent: the figures below are averages from the 2023 rating list, whose rateable values are based on rental values at 1 April 2021; the 2026 revaluation replaced on 1 April 2026. Use them to compare towns and property types, then check real asking rents with local agents.
| Type | Per m² | 50 m² | 100 m² | 250 m² |
|---|---|---|---|---|
| Office | £436 | £21,800 | £43,600 | £109,000 |
| Shop | £396 | £19,800 | £39,600 | £99,000 |
| Industrial | £139 | £6,950 | £13,900 | £34,750 |
Business premises in Kensington and Chelsea
| Type | Premises | Rateable value per m² | England and Wales |
|---|---|---|---|
| Shops | 2,960 | £396 | £144 |
| Offices | 2,870 | £436 | £204 |
| Industrial | 790 | £139 | £42 |
Energy ratings of business premises in Kensington and Chelsea
| Rating | A+ | A | B | C | D | E | F | G |
|---|---|---|---|---|---|---|---|---|
| Kensington and Chelsea | 0 | 59 | 230 | 136 | 43 | 33 | 0 | 0 |
| England and Wales | 838 | 8,155 | 30,603 | 30,673 | 12,920 | 5,645 | 552 | 598 |
What to check before you sign
- The red flags in a commercial lease
- Break clauses and rent reviews
- A schedule of condition and dilapidations at the end
- The running costs: the business rates calculator
More questions about premises in Kensington and Chelsea
What is the rateable value of shops in Kensington and Chelsea?
£396 per m² on the 2023 list, across about 2,960 shops: 175% above the £144 for England and Wales.
Source: VOA, Non-domestic rating: business floorspace, March 2026, 2023 rating list at 31 March 2026.
What is the rateable value of offices in Kensington and Chelsea?
£436 per m² on the 2023 list, across about 2,870 offices: 114% above the £204 for England and Wales.
Source: VOA, Non-domestic rating: business floorspace, March 2026, 2023 rating list at 31 March 2026.
What is the rateable value of industrial premises in Kensington and Chelsea?
£139 per m² on the 2023 list, across about 790 industrial premises: 231% above the £42 for England and Wales.
Source: VOA, Non-domestic rating: business floorspace, March 2026, 2023 rating list at 31 March 2026.
How many recent energy certificates in Kensington and Chelsea are rated F or G?
0.0% of the 501 certificates lodged for business premises in the last four quarters (England and Wales: 1.3%); 58% were A or B. 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.
Source: MHCLG, Energy Performance of Buildings Certificates live tables, tables updated 2026-10-29.
Nearby areas
| Area | Offices | Shops |
|---|---|---|
| Hammersmith and Fulham | £392 | £332 |
| Westminster | £613 | £658 |
| Wandsworth | £273 | £228 |
| Camden | £473 | £368 |
Questions
How many business premises are there in Kensington and Chelsea?
Got a draft lease for premises in Kensington and Chelsea? We'll introduce you to an independent SRA-regulated property solicitor, who confirms their fee in writing before any work starts.
Get a lease review quoteSources
- VOA: Non-domestic rating: stock of properties, March 2026
- VOA: Non-domestic rating: business floorspace, March 2026
- MHCLG: Energy Performance of Buildings Certificates, live tables (non-domestic, by local authority)
- The Energy Efficiency (Private Rented Property) (England and Wales) Regulations 2015
- GOV.UK: Non-domestic private rented property minimum energy efficiency standard
- Landlord and Tenant Act 1954, Part 2 (business tenancies)
VOA statistics at 31 March 2026 (2023 rating list) and MHCLG EPC tables, retrieved 2026-11-02. Contains public sector information licensed under the Open Government Licence v3.0. This page is general information, not legal advice, and hasn't been reviewed by a solicitor. Instrukt is not a law firm.