China Has Three Biggest Increases in Global Office Costs: CBRE

Business districts in Beijing and Guangzhou had the biggest increases in office occupancy costs globally in the first quarter, according to a report by CBRE Group Inc., the world’s largest commercial realtor.

Four other locations in the Asia-Pacific region -- Shanghai’s Pudong district, Jakarta, Sydney and Bangalore -- along with two areas in San Francisco, and Moscow, made up the other top 10 spots, the Los Angeles-based company said. Two areas in Beijing -- Jianguomen and the Finance Street -- topped the survey with increases of 49 percent and 42 percent from a year earlier. Guangzhou, southern China’s biggest city, was third with a 40 percent gain.