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- November 1, 2017: Vol. 11, Number 10

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by Richard Fleming

The latest edition of CBRE’s semi-annual Global Prime Office Rents survey, for H1 2017, shows that Hong Kong continues to be the world’s most expensive office market, with a prime rent of $269.26 per square foot per year ($2,898.29 per square metre per year/€2,469.41 per square metre per year). The Asia Pacific region dominates the Top 10 list, with seven entries, and Hong Kong districts took two of the top three places. The only European entry is London’s West End district. Rental growth was found to be strongest in tech and media hubs across the Americas and EMEA. “Prime rents showed the strongest growth in information technology and media hubs, including Stockholm, Amsterdam, Tel Aviv, New York City and Seattle,” says Richard Barkham, global chief economist at CBRE. “Co-working operators have been active in acquiring new space, particularly targeting tenants in tech industries.” CBRE’s survey tracks rents for prime office space in 121 market

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