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The world's 10 most expensive office property markets
on Feb 22, 2013 at 12:29
A report from industry specialists Cushman & Wakefield highlights the most expensive parts of the world to acquire office property.
Office rents increased by around 3% last year, largely due to growth in South America. Elswhere, growth reinforced by the scarcicty of good quality space has pushed prices up, economic uncertainty has held some markets back and cost-cutting has reduced demand.
This report has been prepared by Cushman & Wakefield and its alliance partners globally, the information was collected and analysed by the European Research Group from the Cushman & Wakefield network. The report calculates the occupancy cost rent, while combining additional costs.
Click through the gallery find out the ten most expensive areas to buy office space.
London, West End
Occupancy cost per square metre: €2,137 (£1,845)
Hong Kong, CBD
Occupancy cost per square metre: €1,505
Rio de Janeiro, Zona Sul
Occupancy cost per square metre: €1,343
New Delhi, Connaught Place
Occupancy cost per square metre per year: €1,324
Tokyo, CBD (5 Central Wards)
Occupancy cost per square metre: €1,274
Occupancy cost per square metre: €1,141
Occupancy cost per square metre: €1,074
New York, Midtown (Madison/5th Avenue)
Occupancy cost per square metre: €1,052
Occupancy cost per square metre: €992
Occupancy cost per square metre: €915