Hong Kong Office Rents, World’s Highest, Jump to Twice London’s
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Hong Kong’s prime office rents, the world’s highest, jumped more than a third in 2010 with tenants paying almost double the cost in the City of London, according to Colliers International Research.
Prime office buildings in Hong Kong fetched $2,066.35 per square meter (11 square feet) as of Dec. 31, 2010, compared with $1,523.31 a year ago, Colliers said in its Global Office Real Estate Review. London’s West End was the second-most expensive, costing $1,431.82 a square meter, while the City of London was fifth at $1,073.92 a square meter. Tokyo and Paris were in third and fourth place, at $1,130.21 and $1,099.53 respectively.