Hong Kong Central has retained its position as the most expensive office market in the world with London’s West End taking second place and the City of London returning to the top 10, according a new report of prime occupancy costs.
Nine of the top-10 most expensive locations in CBRE’s annual Global Prime Office Occupancy Costs report have retained their place from last year. City of London returned to the list in 10th place, which was occupied by Shanghai (Pudong) last year, with prime office occupancy costs of $145/sq ft.
Hong Kong Central led the way with increased prime office occupancy costs of $307/sq ft for Q1 2018, ahead of the West End on $235/sq ft and Beijing Finance Street on $201/sq ft.
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