Jan 122016
 

Most Expensive Office Markets

Hong Kong and Beijing took four of the world’s top five expensive office markets with Hong Kong’s Central, Beijing’s Finance Street, Beijing’s Central Business District, and Hong Kong’s West Kowloon, according to the semi-annual Global Prime Office Occupancy Costs survey from CBRE, an international provider of commercial real estate services.

In addition, Shanghai’s Lujiazui Financial District moved into the top 10, rising two places to the ninth spot. London’s West End topped the ‘most expensive’ list, with overall prime occupancy costs of $273 per sq ft per year. Prime occupancy costs reflect rent, local taxes and service charges.

No 10 New York’s Midtown Manhattan
Occupancy cost: $127 per sq ft

No 9 Shanghai’s Pudong
Occupancy cost: $134.86 per sq ft

No 8 London’s City
Occupancy cost: $148.63 per sq ft

No 7 Tokyo’s Marunouchi Otemachi
Occupancy cost: $149.04 per sq ft

No 6 New Delhi’s Connaught Place – CBD
Occupancy cost: $151.27 per sq ft

No 5 Hong Kong’s West Kowloon
Occupancy cost: $162.04 per sq ft

No 4 Beijing’s CBD
Occupancy cost: $182.92 per sq ft

No 3 Beijing’s Finance Street
Occupancy cost: $190.99 per sq ft

No 2 Hong Kong’s Central
Occupancy cost: $269.31 per sq ft

No 1 London’s West End
Occupancy cost: $272.56 per sq ft

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