LONDON—Global properties manager DTZ says Europe continues to lead all regions with the largest number of pricey markets for office space. This according to the firm's 17th Global Occupancy Costs – Offices report.
The study represents occupancy costs per workstation across 138 business districts in 60 countries worldwide. Europe had the greatest number of high-priced markets the report indicates:
Europe continues to dominate our list of most expensive markets on a workstation basis, with seven markets placing in the top ten list. Moscow climbed the ranking in 2013, supported by robust demand and rising rents. The city is now the sixth most expensive location globally. Meanwhile, Geneva dropped from third to fifth place due to decreases in rents.
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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.
