Most expensive cities office

1) Hong Kong: 


Average Price to rent an office space: $244 per square feet


Rental Growth Increased: 28 percent


Hong Kong ranked 1st position on the list for most expensive cities to rent for an office space. The flourishing economic market of Hong Kong makes it one of the most sought after city in Asia. Besides its strong economy, Hong Kong’s office rent has increased by 28 percent from the last year and in the current year, the price stood at about $ 244 (12, 175 approximately) per square feet, reports Luxpresso.


2) London (West End):


Average Price to rent an office space:  $239 per square feet


The capital city of United Kingdom, London has ranked 2nd on the list. London is one of the fastest growing cities in the world. In 2010, the growth in office rent prices shot upto 31 percent, however after that the growth rate in rental prices have been gradual, nevertheless prices still remain quite high. The city’s average price to rent for office space is $239 per square feet, which is about 11, 926 per square feet.




3) Tokyo:


Average Price to rent an office space:  $197 per square feet


Rental Growth Increased: 7 percent


The capital city of Japan, Tokyo has ranked 3rd on the list for most expensive cities to rent office space.  The city’s rent for office space has increased by 7 percent compared to last the last year and the average price is $197 per square feet, in Indian Price the rate is about 9, 830 per square feet.


 


4) Moscow: 


Average Price to rent an office space:  $148 per square feet


Rental Growth Increased: 41 percent


Moscow, the capital city of Russia took the 4th place on the list.  Moscow is one of the expensive cities to buy property as well as to rent an office space. Moreover, the city’s starting rental rate for office space is about $148 per square meter (about 7, 385 per square meter), as the city has seen a terrific jump of 41 percent in the office space rent compared to past years.




5) Beijing:


Average Price to rent an office space:  $130 per square feet


Rental Growth Increased: 75 percent


Beijing, the capital city of China stood at 5th position on the list, replacing New York. The city is offering an average price of $130 (about 6, 486) per square feet, and the city has witnessed a huge jump of 75 percent in the office space rent from last year.


 



6) New York:


Average Price to rent an office space:  $120 per square feet


New York is one of the most sought after city in United States. New York slipped down to the 6th position on the list for expensive cities to rent an office. The city is offering an average price of $120 (about 5, 987) per square feet and remains the most expensive cities in United States to rent office space.











7) Sydney:


Average Price to rent an office space:  $119 per square feet


Rental Growth Increased: 6 percent


Sydney is one of the largest and the most sought after city in Australia that took the 7th place in the list. The average price to rent office space here is $119 (about 5930) per square feet. The city hs also witnessed a growth of 6 percent from last year.


 




8) Rio de Janeiro:


Average Price to rent an office space:  $109 per square feet


Rental growth declined: 8 percent


Rio de Janeiro is one of the most popular cities in Brazil. The city stands at 8th position in the list. The city is offering an average price of $109 (is about 5439) per square feet but over the last year, the rent for office space has dropped by 8 percent, which has affected the rent to some extent.







9) Paris:


Average Price to rent an office space:  $106 per square feet


Paris, the capital city of France is one expensive place to buy property. The real estate market here continues to flourish because of stable economic growth. The city took the 9th position in the list. In Paris, the rental price for office space is about $106 (which is about 5289) per square feet.


 







10) Zurich:


Average Price to rent an office space:  $98 per square feet


Rental growth declined: 3 percent


Zurich, the largest city in Switzerland has stood at 10th place in the most expensive list for office space. Besides its outstanding beauty, Zurich offers an average rate of $98 (about 4890) per square feet for office space. However, the office rental fell 3 percent last year.