<< May 2008 >>
Sun Mon Tue Wed Thu Fri Sat
 01 02 03
04 05 06 07 08 09 10
11 12 13 14 15 16 17
18 19 20 21 22 23 24
25 26 27 28 29 30 31


If you want to be updated on this weblog Enter your email here:



rss feed



Tuesday, May 27, 2008
London's West End tops global office rent league

London's West End has easily retained its position as the world's most expensive office market.  According to research compiled by CB Richard Ellis, the world's largest property services firm, annual Ho Chi Minh City office rents rocketed by 94 percent to $85.84 per square foot.

But at $299.54 per square foot, rents in London's West End once again eclipsed those in Moscow and other international business hubs. Rents in the supply-starved market are 82 percent higher than London's City office market and nearly three times the rents in the Midtown Manhattan office market in New York, which is the Americas' most costly market.

Tokyo's Inner Central Five Wards, Mumbai's Nariman Point and Tokyo's Outer Central Five Wards were named the world's third, fourth and fifth most expensive markets, respectively.

Singapore and Dubai were newcomers to the top 10. Singapore ranked ninth, with an occupancy cost of $139.31 per square foot, while Dubai was number 10, with an occupancy cost of $128.49 per square foot. ( info from: forbes.com )


Posted at 01:33 am by londonblog

 

Leave a Comment:

Name


Homepage (optional)


Comments




Previous Entry Home Next Entry