Delhi’s Connaught Place is world’s 7th most expensive office market
Advertisement
According to CBRE Research's Global Prime Office Occupancy Costs bi-annual survey, Delhi's Connaught Place is now world’s seventh costliest office destination, slipping one notch.
As per the property consultant CBRE, Mumbai's BandraKurla Complex (BKC) is at the 19th position and Nariman Point at 34th.
"With annual occupancy cost of USD 149.71 per sq ft, New Delhi's Central Business District (CBD) of Connaught Place ranks as the seventh most expensive prime office market in the world," CBRE said in a statement.
Hong Kong (Central) is the highest-priced office market with an overall prime occupancy costs of USD 290 per sq ft per annum, followed by London-Central (West End) with annual occupancy cost of USD 262.29.
Beijing (Finance Street), Beijing (Central Business District) and Hong Kong (West Kowloon) are at third, fourth and fifth positions, respectively.
Tokyo (Marunouchi/Otemachi), London-Central (City), New York (Midtown Manhattan) and Shanghai (Pudong) featured in the list of top 10 most expensive office markets globally.
According to the survey, Asia continued to dominate the list of the world's most expensive office locations, accounting for seven of the top-10 markets.
Global prime office occupancy costs, which reflect rent, plus local taxes and service charges for the highest-quality, prime office properties, rose 2.4 per cent year-on-year.
Advertisement
As per the property consultant CBRE, Mumbai's BandraKurla Complex (BKC) is at the 19th position and Nariman Point at 34th.
"With annual occupancy cost of USD 149.71 per sq ft, New Delhi's Central Business District (CBD) of Connaught Place ranks as the seventh most expensive prime office market in the world," CBRE said in a statement.
Hong Kong (Central) is the highest-priced office market with an overall prime occupancy costs of USD 290 per sq ft per annum, followed by London-Central (West End) with annual occupancy cost of USD 262.29.
Beijing (Finance Street), Beijing (Central Business District) and Hong Kong (West Kowloon) are at third, fourth and fifth positions, respectively.
Advertisement
According to the survey, Asia continued to dominate the list of the world's most expensive office locations, accounting for seven of the top-10 markets.
Global prime office occupancy costs, which reflect rent, plus local taxes and service charges for the highest-quality, prime office properties, rose 2.4 per cent year-on-year.
Advertisement
- In second consecutive week of decline, forex kitty drops $2.28 bn to $640.33 bn
- SBI Life Q4 profit rises 4% to ₹811 crore
- IMD predicts severe heatwave conditions over East, South Peninsular India for next five days
- COVID lockdown-related school disruptions will continue to worsen students’ exam results into the 2030s: study
- India legend Yuvraj Singh named ICC Men's T20 World Cup 2024 ambassador
- JNK India IPO allotment date
- JioCinema New Plans
- Realme Narzo 70 Launched
- Apple Let Loose event
- Elon Musk Apology
- RIL cash flows
- Charlie Munger
- Feedbank IPO allotment
- Tata IPO allotment
- Most generous retirement plans
- Broadcom lays off
- Cibil Score vs Cibil Report
- Birla and Bajaj in top Richest
- Nestle Sept 2023 report
- India Equity Market