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Top 10 most expensive office markets in the world

(chinadaily.com.cn) Updated: 2016-07-11 07:01 Comments

Hong Kong's Central replaced London's West End as the world's most expensive office market, according to a report released by US property advisory firm CBRE, based on data as of the first quarter of 2016.

Of the top 10 most expensive office markets, seven are in Asia-Pacific, CBRE's Global Prime Office Occupancy Costs survey showed.

Let's take a look at the top 10 spots for prime office occupancy costs.

No 10 Shanghai's Pudong

Occupancy Cost: $132.78 per sq ft

Top 10 most expensive office markets in the world

A view of Lujiazui Financial District in Pudong, Shanghai, China, March 24, 2016[Photo/IC]

The global prime office occupancy costs rose 2.4 percent year on year despite turbulence on the financial market, the survey showed.

Of the 126 markets covered in the survey, 11 registered 10 percent year-on-year rise in occupancy costs.

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