The World’s Most Expensive Office Markets

Courtesy of Google Images

According to CB Richard Ellis Group, the Midtown neighborhood in New York City leads the North American market in office occupancy costs at $66.59 per square foot.  However, the midtown market falls down to rank 26 in the worldwide market.  The North American market still hasn’t recovered from the recession, and is still declining.  The major emerging economies are dominating the lists, and all four of the BRIC countries are on the list. 

The Top 10 Countries:

1.       London West End, United Kingdom         $193.69

2.       Hong Kong (Central CBD)                       $184.21

3.       Tokyo, (Inner Central), Japan                   $158.08

4.       Mumbai, India                                        $130.41

5.       Moscow, Russian Federation                   $128.33

6.       Tokyo (Outer Central), Japan                   $127.31

7.       London City, United Kingdom                  $124.59

8.       Paris, France                                         $115.72

9.       Sao Paulo, Brazil                                   $109.03

10.   Rio de Janeiro, Brazil                              $104.40