Economy
Hong Kong Office Rents 60 Percent Higher Than in New York

Hong Kong’s Central area has taken the prize for the world’s most expensive premium office rents for a fourth year running, according to global real estate consultant JLL.
Occupancy costs — including rent, taxes and service charges — are 60 percent higher than New York’s Midtown and almost 75 percent more costly than London’s West End, JLL’s Premium Office Rent Tracker, which crunches data in the premier office districts of 61 cities, shows.

If you’re looking for somewhere cheap to base your business, best head to Africa. Office rents in Johannesburg are just $20 per square foot per year, and not much more expensive in Nairobi.
Kuala Lumpur is also pretty cost competitive, as is Manila.
Premium office rents refer to the ‘top achievable’ in units over 10,000 square feet (930 square meters) in key buildings in the prime office districts of each city, JLL said.
Continue Reading
-
News2 months ago
OpenAI Strengthens ChatGPT’s Mental Health Safeguards Ahead of GPT-5 Launch
-
OER Magazines3 weeks ago
Dossier – ToP 25 Personalities 2025
-
Banking & Finance2 months ago
Strong Performance and Strategic Approach: ahlibank announces Its Financial Results for the First Half of 2025
-
Economy2 months ago
Najla Zuhair Al Jamali Appointed President of bp Oman
-
News1 month ago
Ooredoo Wins Silver Stevie® Award for Diversity and Inclusion Excellence
-
Dossier3 weeks ago
Arabic Dossier – ToP 25 Personalities 2025
-
News1 month ago
xAI Open-Sources Grok 2.5, Signaling Accelerated AI Push
-
Leaders Speak2 months ago
VIDEO: Robert MacLean on how NHI is Shaping Oman’s Next Generation of Hospitality Leaders
You must be logged in to post a comment Login