HONG KONG-The dominance of Asia in the arena of the world's most expensive office locations continues, as Hong Kong-Central remains the highest-priced market and four other Asian markets populate the top five. This is according to CBRE Global Research and Consulting's semi-annual Prime Office Occupancy Costs survey.
Hong Kong–Central's overall occupancy costs of $235.23 per square feet per year topped the “most expensive” list for the third consecutive period. London's West End followed with total occupancy costs of $222.58. Beijing's Finance Street, Beijing's Jianguomen CBD and New Delhi's Connaught Place CBD rounded out the top five.
Other Asia-Pacific markets in the top ten include Hong Kong-West Kowloon (6th) and Tokyo (Marunouchi/Otemachi) (8th). New York's Midtown Manhattan (10th) returned to the top ten markets for the first time since early 2012, joined by Moscow (7th) and London's City (9th).
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David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
