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10 costliest office locations in the world

Last updated on: February 21, 2013 10:54 IST

10 costliest office locations in the world

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Despite the global slowdown, most prime office locations have registered a rise in the rental.

Gateway cities such as London, and New York continue to command high rentals as they remain key locations to do business, according to Cushman & Wakefield's report on 'Office Space Across the World 2013'.

In emerging economies such as India, the burgeoning population growth has led to rising occupancy costs.

"Asia Pacific proved to be vulnerable with the slowdown of its two large growth economies. Still, moderate growth remained sufficient enough to sustain office fundamentals," said Sigrid Zialcita, managing director, Asia Pacific.

The report predicts that rents for prime space will remain stable and edge up in some cities later in the year on the back of the scarcity of quality supply.

Here are the top 10 most expensive location by country.

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Image: Office-goers at a central business district.
Photographs: Kim Kyung-Hoon/Reuters

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West End

Rank 2013: 1

Rank 2012: 2

Occupancy Cost (Euros per sq. m for a year): 2,137

Country: UK

City: London

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Image: Tower Bridge and the Canary Wharf financial district are seen at dusk in an aerial photograph.
Photographs: Reuters

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Central Business District

Rank 2013: 2

Rank 2012: 1

Occupancy Cost (Euros per sq. m for a year): 1,505

Country: Hong Kong

City: Hong Kong

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Image: Hong Kong's central business district.
Photographs: Reuters

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Zona Sul

Rank 2013: 3

Rank 2012: 8

Occupancy Cost (Euros per sq. m for a year): 1,343

Country: Brazil

City: Rio de Janeiro

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Image: Zona Sul area of Rio de Janeiro.
Photographs: Reuters

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Connaught Place

Rank 2013: 4

Rank 2012: 5

Occupancy Cost (Euros per sq. m for a year): 1,324

Country: India

City: New Delhi

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Image: Connaught Place in New Delhi.
Photographs: Reuters

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Central Business District (5 Central Wards)

Rank 2013: 5

Rank 2012: 3

Occupancy Cost (Euros per sq. m for a year): 1,274

Country: Japan

City: Tokyo

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Image: Tokyo central business district.
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Central Business District

Rank 2013: 6

Rank 2012: 4

Occupancy Cost (Euros per sq. m for a year): 1,141

Country: Russia

City: Moscow

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Image: Moscow central business district.
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Central Business District

Rank 2013: 7

Rank 2012: 6

Occupancy Cost (Euros per sq. m for a year): 1,074

Country: China

City: Beijing

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Image: Beijing central business district.
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Midtown (Madison/5th Avenue)

Rank 2013: 8

Rank 2012: 7

Occupancy Cost (Euros per sq. m for a year): 1,052

Country: USA

City: New York

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Image: New York, Midtown, Madison and Fifth avenues.
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Central Business District

Rank 2013: 9

Rank 2012: 9

Occupancy Cost (Euros per sq. m for a year): 992

Country: Australia

City: Sydney

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Image: Sydney central business district.
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Central Business District

Rank 2013: 10

Rank 2012: 10

Occupancy Cost (Euros per sq. m for a year): 915

Country: France

City: Paris

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Image: Paris central business district
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