The City of London at a glance

Provides employment for over 678,000 people, one in every 48 workers in Britain.

A workforce younger than the rest of the country, with 59% of workers aged between 22 and 39.

Generates £109bn in GVA annually.

Businesses in the City make a substantial contribution to the UK economy, generating £1.3bn in business rates.

City of London office market at a glance

20 major office schemes – including eight new towers – are under construction

In January 2026, the City Corporation determined 84% more planning applications compared to the same month last year

Over half-a-million square metres of office space was granted planning permission in the City in 2025.

Prime and Grade A office space accounts for nearly 70% of lettings, with vacancy rates of 0.6% and 1.1% respectively.

Generates £109bn in GVA annually.

Provides employment for over 678,000 people, one in every 48 workers in Britain.

Businesses in the City makes a substantial contribution to the UK economy, generating £1.3bn in business rates.

A workforce younger than the rest of the country, with 59% of workers aged between 22 and 39.

Over half-a-million square metres of office space was granted planning permission in the City in 2025.

20 major office schemes – including eight new towers – are under construction

Prime and Grade A office space account for nearly 70% of lettings, with vacancy rates of 0.6% and 1.1% respectively.

In January 2026, the Corporation decided 84% more planning applications compared to the same month last year