Pursuits
London’s West End Trumps Hong Kong for Most Costly Workspace
This article is for subscribers only.
London’s West End replaced central Hong Kong as the world’s most expensive office property market, broker CBRE Group Inc. said.
Occupancy costs, which include rent, local taxes and service charges, climbed 14 percent to $259 a square foot in the West End, the Los Angeles-based broker said in a statement today. Rates in central Hong Kong dropped 4.7 percent to $234 a square foot.