London extended its lead as the most expensive office market in the world in 2007, with West End office space now costing three times as much as midtown New York and twice as much as Paris. Daily Telegraph, The Times

The total cost of renting prime space in the West End increased 30% over the year to €2,277 (£1,700) per square metre a year, according to property agents Cushman & Wakefield. The cost of City of London offices, including local taxes and rents, grew 8% to €1,298 (£965) a square metre per annum.