Prime office rents in Asia’s major central business districts are again the world’s most expensive according to CBRE. The company’s Global Prime Office Occupancy Costs report, which tracks the cost of leasing prime office space globally, concluded that six of the world’s 10 most expensive office markets are found in Asia, supported by factors including continued economic growth, job gains and limited availability of prime space in certain markets.
For the third year, Hong Kong’s Central district retained the top spot as the world’s most expensive market for prime office rents ($322 per sq. ft. per year) despite more recent evidence of moderating prices, ahead of the world’s second most expensive office market, London’s West End ($222.70). Hong Kong’s Kowloon ($208.67) district also continued to perform strongly in the year ending March 31, standing as the third m
