The cost to occupiers of taking space in the best prime office buildings rose 5.1 percent over 2025, according to Savills latest Prime Office Costs report, with London’s West End, Hong Kong and New York City’s Midtown continuing to hold their positions as the locations at the top of the table.
Savills says 23 of the 40 global cities it monitors saw net effective “all-in” occupier costs (rent plus fit-out costs) increase an average of 1.1 percent between third and fourth quarter 2025, with Mumbai (8 percent) and Miami (7.2 percent) seeing the sharpest quarter-on-quarter cost growth driven by tight supply and steady demand.
Overall, prime office leasing volumes rose 1.7 percent globally in second half 2025, says Savills, with 50 percent of these transactions involving occupiers expanding, 44 percent maintaining square-footage, and just 6 percent involving reducing space. The finance sector remained the most active industry globally by deal count in 2025,
