Workplace-based companies throughout Central London may face a steep improve in enterprise charges from April 2026, in line with new analysis by property consultancy Colliers. The evaluation means that occupiers of prime workplace area could collectively see payments rise by £432 million, bringing whole enterprise charges liabilities to £5.23 billion—a 9 % improve on present ranges. Colliers examined 27 Central London areas, specializing in Grade A workplace areas over 10,000 sq ft, to evaluate the anticipated monetary affect of the 2026 Ranking Revaluation. The forecast attracts on modifications in rental values between April 2021 and April 2024 and anticipates the next enterprise charges multiplier for properties with rateable values (RVs) above £500,000.
The largest will increase are anticipated in areas which have seen robust rental development. Farringdon tops the record with a 38 % soar in common charges payments, attributed to rising demand and improved accessibility through the Elizabeth Line. Waterloo (25 %), Mayfair (23 %), and Holborn (20 %) are additionally anticipated to see important will increase.
In distinction, solely 4 districts—Chelsea, Bloomsbury, Westminster and Marylebone—are forecast to expertise fee reductions, although precise financial savings could also be marginal. Canary Wharf stays the one location anticipated to see no change, as rents there have remained largely flat.
John Webber, Head of Enterprise Charges at Colliers, warned that the federal government’s greater multiplier for high-value properties is successfully penalising many London workplaces. “Our estimates are conservative, but when the multiplier will increase additional, as some predict, the monetary affect on London companies might be even larger,” he stated.
Colliers has printed an interactive map to assist companies assess potential modifications of their space: https://www.colliers.com/en-gb/providers/business-rates-rating/london-offices-2026-revaluation-impact
Commenting on the Colliers forecasts, Alex White, Head of the London Enterprise Charges workforce at Colliers stated, “Total office-based companies in London want to arrange for some hefty charges payments subsequent 12 months. Though in fact, we received’t know the precise RV modifications nor the brand new multipliers (and therefore the upper multiplier) till the Autumn this 12 months, our assumptions are that almost half of the London areas we analysed (13 out of 27) may have enterprise charges payments based mostly at over £40 per sq. foot after the Revaluation. On high of hire and repair cost will increase, this can make the overall occupancy prices of property more and more costly – and eyewatering so, in Mayfair and St James’s.
