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
-
Banking & Finance4 days ago
Oman Arab Bank Announces Increase of Authorised Capital to RO500mn and Paid‑In Capital Boost of RO50mn
-
OER Magazines2 months ago
OER, April 25
-
Renewables1 month ago
Jindal Renewables and OQ Alternative Energy Sign Joint Development Agreement to Advance Integrated Renewable Power Projects in Oman
-
Business2 months ago
St. Petersburg International Economic Forum 2025 unveils its Business Programme
-
Leaders Speak1 month ago
OERLive SPOTLIGHT: Oman Sustainability Week 2025 and Oman Petroleum & Energy Show
-
Alamaliktistaad Magazines1 month ago
Al-Iktisaad, May 25
-
OER Magazines1 month ago
OER, May 2025
-
Bahrain3 days ago
SPIEF 2025 focused on global and regional economic processes, market transformation, new tech, investment climate, financial policy and people
You must be logged in to post a comment Login