World's Most Expensive Office Space
6 April 2004 - 9:00am
At a staggering $164.70 per square foot, London's West End is by far the most expensive office location in the world.
"The cost of occupying space in the most expensive buildings in midtown Manhattan is $84.82 per square foot, according to the annual survey of 202 locations in 45 countries by Cushman & Wakefield... London's West End is by far the most expensive location in the world, according to the survey, with an occupancy cost of $164.70 per square foot. That's nearly double the cost of New York's midtown. Paris comes in a distant second at $105.78 a foot. Tokyo was third at $91.33 a foot. New York came in fourth." [Editor's note: This article is available to non-subscribers for a period of seven days.]
Full Story:
Cost of Elite Office Space Is Highest in London
Source:
Wall St. Journal, March 31, 2004
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