Business Intelliegence on Product Quality, Supply Chain, Outsourcing, Manufacturers, Suppliers, Import/Export and Trading In China


Chinese Office Rents Continue To Rank Among World's Highest

Hong Kong's Central Business District ranks second to London's West End as the world's most expensive office market.

According to research published by real estate firm Cushman & Wakefield, the top ten most expensive office rental cities ordered from highest to lowest are London, Hong Kong, Rio de Janeiro, New Delhi, Tokyo, Moscow, Beijing, New York, Sydney, and Paris.

Globally, the office market witnessed prime rents rise by 3% in 2012, but this was largely driven by the impressive levels of growth in South America, particularly Brazil and Colombia. However, although prime rents expanded on a global basis, many markets suffered under continuing economic uncertainty and this led to increased occupier caution. Cushman & Wakefield expects the trend of companies proactively trying to reduce office occupancy costs to continue as the overall global economic outlook remains unsure.

Beijing, which has experienced previously two years of massive prime rental growth, drops one place to seventh from previous surveys in the global ranking as rents remained unchanged over the last 12 months. Surplus space has provided a number of alternatives in an increasingly tenant-led market in the city.



Be the first to comment on "Chinese Office Rents Continue To Rank Among World's Highest"

Leave a comment

Your email address will not be published.






  Other China News

ChinaTechNews.com:

Here's Where You Can Use Apple Pay In Hong Kong

IoT Smart Home Development Boost As Midea Joins With Huawei

D.Phone Acquires 40% Stake In Guangzhou Jinjiaxin

Chinese Firm Buys Into Mobile Game Data Analytics


GreenChinaTech:

Chinese Electric Bus Manufacturer Lands USA Deal

American Electric Car Manufacturer To Build In China

U.S. Clean Water Company Makes Chinese Inroads

GE Will Promote Wind Power Through New Chinese Education Center


ChinaRetailNews.com:

Regal Financial Center Hotel Wins Hurun Hot Hotel Awards 2016 For Best F&B in Foshan

Shangri-La Hotel Fuzhou Welcomes Jonas Amstad As General Manager

AccorHotels initiates project to turn HotelInvest into a subsidiary to accelerate its transformation and growth

Japanese Baby Brand Enters Chinese Internet Space