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Office space in Mumbai among most expensive

Last updated on: August 30, 2012 13:51 IST

Office space in Mumbai among most expensive

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Renting an office space in prime locations in major cities, such as London or Hong Kong, isn't cheap.

Jones Lang LaSalle, a property consultancy, has come out with the ranking of most expensive office spaces in the world.

Let's have a look to see which cities have made it to the list.

Source: The Economist

Click NEXT to see where Mumbai ranks...


Image: People walk on Zurich's main shopping street Bahnhofstrasse.
Photographs: Arnd Wiegmann/Reuters

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Mumbai

Office rent: $620 per square metre

Vacancy rate: 20.5 per cent

Global rank: 11

Click NEXT to see rest of the countries...


Image: A view of Taj Mahal hotel in Mumbai.
Photographs: Punit Paranjpe/Reuters

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London

Office rent: $1,700 per square metre

Vacancy rate: 5.3 per cent

Global rank: 1

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Image: Traffic passes the Houses of Parliament in London.
Photographs: Suzanne Plunkett/Reuters

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Hong Kong

Office rent: $1,500 per square metre

Vacancy rate: 3.4 per cent

Global rank: 2

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Image: A view of Hong Kong.
Photographs: Bobby Yip/Reuters

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Moscow

Office rent: $1,200 per square metre

Vacancy rate: 14.7 per cent

Global rank: 3

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Image: A view of Moscow's Kremlin, Ministry of Foreign Affairs and Moscow City business district.
Photographs: Stringer/Reuters
Tags: , Moscow , Mumbai

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Paris

Office rent: $1,040 per square metre

Vacancy rate: 6.8 per cent

Global rank: 4

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Image: A view of the Concorde obelisk, Champs Elysees Avenue and the Arc de Triomphe monument in Paris.
Photographs: Gonzalo Fuentes/Reuters

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Tokyo

Office rent: $1,000 per square metre

Vacancy rate: 3.5 per cent

Global rank: 5

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Image: Japan's Mt Fuji, covered with snow, is seen through Shinjuku skyscrapers in Tokyo.
Photographs: Kimimasa Mayama/Reuters

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Beijing

Office rent: $900 per square metre

Vacancy rate: 6.8 per cent

Global rank: 6

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Image: Pedestrians walk past a clothing store in Beijing's Sanlitun Area.
Photographs: Jason Lee/Reuters
Tags: , Mumbai

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Sao Paulo

Office rent: $820 per square metre

Vacancy rate: 11.9 per cent

Global rank: 7

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Image: Storm clouds are seen above Sao Paulo.
Photographs: Stringer/Reuters

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New York

Office rent: $700 per square metre

Vacancy rate: 10.5 per cent

Global rank: 8

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Image: The Brooklyn Bridge and Manhattan Bridge is seen from the 90th storey of One World Trade Center in New York.
Photographs: Lucas Jackson/Reuters

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Shanghai

Office rent: $690 per square metre

Vacancy rate: 14.1 per cent

Global rank: 9

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Image: Security guards stand in front of the largest Louis Vuitton store in China, in Shanghai.
Photographs: Aly Song/Reuters
Tags: , Shanghai , Mumbai

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Singapore

Office rent: $680 per square metre

Vacancy rate: 10.2 per cent

Global rank: 10

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Image: A view of Singapore's financial district.
Photographs: Vivek Prakash/Reuters

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San Francisco

Office rent: $540 per square metre

Vacancy rate: 13.5 per cent

Global rank: 12

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Image: The Golden Gate Bridge rises above a neighbourhood of tightly packed homes in the Richmond District in San Francisco.
Photographs: Robert Galbraith/Reuters

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Frankfurt

Office rent: $520 per square metre

Vacancy rate: 13.4 per cent

Global rank: 13

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Image: A view of Frankfurt skyline.
Photographs: Stringer/Reuters
Tags: , Frankfurt , Mumbai

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Sydney

Office rent: $450 per square metre

Vacancy rate: 8.7 per cent

Global rank: 14

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Image: A cyclist rides past the Sydney Opera House in Australia.
Photographs: Will Burgess/Reuters
Tags: , Mumbai

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Toronto

Office rent: $450 per square metre

Vacancy rate: 8.1 per cent

Global rank: 15

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Image: A reporter leans over the edge during the media preview for the 'EdgeWalk' on the CN Tower in Toronto.
Photographs: Mark Blinch/Reuters
Tags: , Office , Toronto , Mumbai

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Dubai

Office rent: $420 per square metre

Vacancy rate: 35 per cent

Global rank: 16

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Image: High-rise residential and office towers are seen near Sheikh Zayed road in Dubai.
Photographs: Jumana El-Heloueh/Reuters
Tags: , Office , Dubai , Mumbai

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Madrid

Office rent: $400 per square metre

Vacancy rate: 11.2 per cent

Global rank: 17

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Image: A view of a Madrid's street.
Photographs: Juan Medina/Reuters

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Mexico City

Office rent: $320 per square metre

Vacancy rate: 13 per cent

Global rank: 18


Image: People walk outside the Soumaya Museum in Mexico City.
Photographs: Stringer/Reuters
Tags: Mexico , Mumbai

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