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London Still Has The World's Most Expensive Office Space, Finds King Sturge

LONDON-The most expensive office space in the world can still be found in London's West End, despite a 9% fall in costs over the past six months, according to a new survey from agent King Sturge.

By Graham Parker | Updated on January 29, 2002

LONDON-Although costs are falling, offices in London’s West End are still the most expensive to occupy in the world, according to a new report from King Sturge. West End occupational costs fell 9% in the past six months but prime space still costs $145.98 (£102.50) per sf taking into account rent, service charge and property taxes.

Hong Kong has the second most expensive office space at US$122.33 (£85.80) per sf and the City of London is at number three at $122.19 (£85.80) per sf. Paris, which is positioning itself as a rival business location to London, is considerably cheaper than the UK capital. Prime Paris space costs US$ 79.96 (£55.97) per sf to occupy.

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