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These are the world's 10 most expensive office markets and there is an Indian locality in the list

Updated : 2019-07-10 16:27:24

New Delhi's Connaught Place is listed amongst the top 10 ‘Most Expensive Office Markets globally,’ according to the property consultant CBRE. As per the annual ranking, based upon the cost of leasing prime office space globally, the central district of Hong Kong was declared as the costliest office space in the world. The list also revealed the growing financial muscle of Asia by revealing that six of the top ten positions were secured by areas within the continent.

1: Topping the list is Hong Kong central. The business and the retail heart of the city, plot in the area costs $ 322 square feet per annum. (Image source: Wikimedia Commons)
1: Topping the list is Hong Kong central. The business and the retail heart of the city, plot in the area costs $ 322 square feet per annum. (Image source: Wikimedia Commons)
2: Located in the very heart of London, the West End neighbourhood secures the second position in the list. The price of a plot in the area is $ 222.70 square feet per annum. (Image source: Wikimedia Commons)
2: Located in the very heart of London, the West End neighbourhood secures the second position in the list. The price of a plot in the area is $ 222.70 square feet per annum. (Image source: Wikimedia Commons)
3: Located to the north of Hong Kong across the famous Victoria Harbour, Kowloon is popular as an entertainment district. With the prime occupancy costs valued at $ 208.67 per square feet, the area is ranked third. (Image source: Wikimedia Commons)
3: Located to the north of Hong Kong across the famous Victoria Harbour, Kowloon is popular as an entertainment district. With the prime occupancy costs valued at $ 208.67 per square feet, the area is ranked third. (Image source: Wikimedia Commons)
4: At fourth position comes New York’s Midtown-Manhattan area. Office space in the area costs $ 196.89 per square feet. (Image source: Wikimedia Commons)
4: At fourth position comes New York’s Midtown-Manhattan area. Office space in the area costs $ 196.89 per square feet. (Image source: Wikimedia Commons)
5: Located in the city’s historic centre, Beijing Finance Street is called by many as China’s new ‘Wall Street.’ As per the report, office space in the area comes at $187.77 per square feet. (Image source: www.som.com)
5: Located in the city’s historic centre, Beijing Finance Street is called by many as China’s new ‘Wall Street.’ As per the report, office space in the area comes at $187.77 per square feet. (Image source: www.som.com)
6: Beijing Central Business District or Beijing CBD is popular as the business hub of China’s capital city.  With a price tag of $ 177.05 per square feet, it is also the sixth costliest workspace in the planet. (Image source: Wikimedia Commons)
6: Beijing Central Business District or Beijing CBD is popular as the business hub of China’s capital city.  With a price tag of $ 177.05 per square feet, it is also the sixth costliest workspace in the planet. (Image source: Wikimedia Commons)
7: Midtown Manhattan is a key financial hub located in the city of New York. Home to several popular sites including The Empire Estate Building, the office space in the area comes at a price of $ 169.86 per square feet. (Image source: Wikimedia Commons)
7: Midtown Manhattan is a key financial hub located in the city of New York. Home to several popular sites including The Empire Estate Building, the office space in the area comes at a price of $ 169.86 per square feet. (Image source: Wikimedia Commons)
8: At eighth position is Tokyo’s Marunouchi business district. The space in the area comes with a price tag of $ 167.82 per square feet. (Image source: Wikimedia Commons)
8: At eighth position is Tokyo’s Marunouchi business district. The space in the area comes with a price tag of $ 167.82 per square feet. (Image source: Wikimedia Commons)
9: New Delhi’s Connaught Place is one of the prime financial, commercial and business centres in the country. It is also the ninth costliest office space coming with a price tag of $ 143.97 per square feet. (Image source: Wikimedia Commons)
9: New Delhi’s Connaught Place is one of the prime financial, commercial and business centres in the country. It is also the ninth costliest office space coming with a price tag of $ 143.97 per square feet. (Image source: Wikimedia Commons)
10: The London city area is the last in the top ten list. The very heart of the British capital, the plot in the neighbourhood costs $139.75 per square feet. (Image source: Wikimedia Commons)
10: The London city area is the last in the top ten list. The very heart of the British capital, the plot in the neighbourhood costs $139.75 per square feet. (Image source: Wikimedia Commons)
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