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 Rental values as at January 2008.

The following tables indicate headline rental values on full repairing terms with no inducements reported by DVs for three types of office accommodation. Where there is no entry the beacon type I not typical within the locality.


Location £ m2 per annum Type 1 £ m2 per annum Type 2 £ m2 per annum Type 3
Coventry 125 130 100
Birmingham** 290* 290* 160*
Leicester 145* 160* 115
Northampton (type 1 and 2 edge of town) 160* 145 155
Milton Keynes 130* 150*
Derby 95* 105* 110*
Sheffield 165* 165 125
City of London (Type 1 is for space in excess of 1000 sq m built within the last 2 years) 675* 675* 400
Manchester 300* 285* 180*
Leeds 230* 235* 195
Newcastle upon Tyne 215* 210* 95
Source: Valuation Office Agency Property Market Report January 2008.

* denotes accommodation with air conditioning
** The values for Birmingham are based on the central business district within the Inner Ring Road.

Type 1
- Town centre location. Self-contained suite over 1,000 sq m in office block erected in last 10 years, good standard of finish with a lift and good quality fittings to common parts. Limited car parking available.

Type 2
- As Type 1 but suite size in range 150 sq m - 400 sq m.

Type 3
- Converted former house usually just off town centre. Good quality conversion of Georgian/Victorian or similar house of character. Best quality fittings throughout. Self-contained suite in size range 50 sq m - 150 sq m, with central heating and limited car parking.
Visit the CV One website [Opens in a new window] Visit the Coventry City Council website [Opens in a new window] Visit the The City of Coventry Ambassadors Group website [Opens in a new window] Visit the Advantage West Midlands website [Opens in a new window] Visit the Coventry Inspires website [Opens in a new window] Visit the ERDF website [Opens in a new window]
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