London office construction price index.
118.1 in Q2 2026 against 2023 = 100. +6.9% over the year.
Trend
Q1 2023 to Q2 2026. The dashed line is the 2023 base.
Quarterly history
Every published quarter, newest first.
14 quarters
| Quarter | Index | Relative to 2023 |
|---|---|---|
| Q2 2026 | 118.1 | +18.1% |
| Q1 2026 | 115.6 | +15.6% |
| Q4 2025 | 113.7 | +13.7% |
| Q3 2025 | 111.6 | +11.6% |
| Q2 2025 | 110.5 | +10.5% |
| Q1 2025 | 108.7 | +8.7% |
| Q4 2024 | 107.5 | +7.5% |
| Q3 2024 | 107.1 | +7.1% |
| Q2 2024 | 106.3 | +6.3% |
| Q1 2024 | 103.4 | +3.4% |
| Q4 2023 | 102.1 | +2.1% |
| Q3 2023 | 101.0 | +1.0% |
| Q2 2023 | 99.1 | -0.9% |
| Q1 2023 | 97.9 | -2.1% |
Questions
Scope of this index.
How much has office construction cost changed in London?
The index stood at 118.1 in Q2 2026 against 2023 = 100: +6.9% over one year. The series for London begins in Q1 2023, so a ten-year change is not available.
Is this a cost per square foot?
No. It is a price index for a fixed model office building. It measures how much prices moved, not what any project costs.
Source: Statistics Canada, table 18-10-0289-01, Building construction price indexes, by type of building and division. Released 2026-07-24. Statistics Canada Open Licence.
Boundary: This is a price index for a fixed model building, not a dollar figure, not a cost per square foot and not a construction quote. An index of 111 means prices 11% above the base period for that model building, not that a particular project will cost that much more. Divisions are published from Q1 2017 only.