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Most Expensive Places To Have an Office

Here the top 50 most expensive office markets as of March 31, 2012, according to CBRE Global Research and Consulting’s semi-annual Prime Office Occupancy Costs survey.

 

 

Rank

 

                 Market

Occupancy Cost(US$)

       

1

Hong Kong (Central), Hong Kong

248.83

 

2

London - Central (West End), United Kingdom

220.15

 

3

Tokyo, Japan

186.49

 

4

Beijing (Jianguomen - CBD), China

180.76

 

5

Moscow, Russian Federation

171.53

 

6

Beijing (Finance Street), China

166.89

 

7

Hong Kong (West Kowloon), Hong Kong

158.72

 

8

São Paulo, Brazil

144.75

 

9

New Delhi (Connaught Place - CBD), India

140.21

 

10

London - Central (City), United Kingdom

131.51

 

11

Shanghai (Puxi), China

130.78

 

12

Rio de Janeiro, Brazil

128.02

 

13

Mumbai (Bandra Kurla Complex), India

126.88

 

14

Paris Ile-de-France, France

123.82

 

15

Sydney, Australia

117.88

 

16

Singapore, Singapore

117.39

 

17

Shanghai (Pudong), China

116.35

 

18

New York (Midtown Manhattan ), U.S.

114.30

 

19

Geneva, Switzerland

99.18

 

20

Mumbai (Nariman Point - CBD), India

97.32

 

21

Zurich, Switzerland

96.61

 

22

Caracas, Venezuela

95.68

 

23

Washington DC (Downtown), U.S.

94.51

 

24

Perth, Australia

93.63

 

25

Dubai, United Arab Emirates

92.56

 

26

Seoul (CBD), South Korea

90.70

 

27

Boston (Downtown), U.S.

87.50

 

28

Guangzhou, China

86.55

 

29

Istanbul, Turkey

82.78

 

30

Luxembourg City, Luxembourg

80.65

 

31

Brisbane, Australia

77.85

 

32

Los Angeles (Suburban), U.S.

77.41

 

33

Milan, Italy

76.80

 

34

Stockholm, Sweden

75.44

 

35

Seoul (Yeouido), South Korea

73.49

 

36

Manchester, United Kingdom

71.91

 

37

San Francisco (Downtown), U.S.

71.40

 

38

Toronto (Downtown), Canada

71.16

 

39

Edinburgh, United Kingdom

70.31

 

40

Aberdeen, United Kingdom

70.31

 

41

New York (Downtown Manhattan), U.S.

69.85

 

42

Birmingham, United Kingdom

69.64

 

43

Frankfurt am Main, Germany

68.63

 

44

Taipei, Taiwan

68.11

 

45

Bristol, United Kingdom

65.62

 

46

Calgary (Downtown), Canada

65.36

 

47

Oslo, Norway

65.15

 

48

Glasgow, United Kingdom

64.72

 

49

Vancouver (Downtown), Canada

63.73

 

50

Ho Chi Minh City, Vietnam

63.34

 

             

 

Source: CBRE Global Research and Consulting 

 

 

Photo: Tax Credits
 

 

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