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Office Space In Beirut To Remain EXPENSIVE

Beirut was the 22nd most expensive office space globally in 2012, and the second most expensive among 7 cities in the Middle East & Africa region,

the 2012 survey of the world's most expensive office locations in 63 cities worldwide by Property Consultants global firm Cushman & Wakefield showed.

 

In the 2011 survey, Beirut was ranked as the 28th most expensive city glob-ally and the third most expensive in the region.

The rent for net internal office area in Beirut stood at €428.2 per square meter per year in 2011, registering an increase of 16.3 percent  from 2010.

Beirut had a rental growth rate of 13 percent in 2011. The report attributed this growth to the shortage of good quality supply of office spaces in the capital.

 

The report said that the growth trend is expected to be sustainable in 2012, “with demand for smaller floor-plates anticipated to rise in order to keep costs minimal” .

Beirut

Migration to cities is increasing so much that, by 2050, the UN predicts that approximately two thirds of the world’s population will be living in cities.

ECO INITIATIVES

  • A fundraising event, entitled Think Green, will be held by Zero Waste ACT for all its business members on September, 10,2013, at WHITE, Dora.
  • The Green Mind Association invited all Green Mind Award Participants, finalists, runner ups and winners to the GREEN MIND DAY on  Jan-16-2013 in Beirut, to create a platform where interested Venture Capital and Potential Investors met with participants.
  • A green initiative launched by Ashrafieh 2020 project aims to transform Ashrafieh into a tranquil and unpolluted area.Green spaces allow residents to walk and ride bicycles.

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