World's Most Expensive Office Space

13 March 2003 - 1:00pm

London, Tokyo and Paris beat out New York as the priciest places to lease office space.

"According to the report, one square foot of prime office space in London’s West End district now costs on average $137.31 to rent for one year, vs. $102.56 in Tokyo and $89.28 in Paris. In fourth place, midtown New York City cost $71.53, while bottom-fishing tenants might want to lease space in Hong Kong, where $52.49 will buy one square foot for a year. Hong Kong, incidentally, has dropped from No. 5 to No. 12."

Source: National Real Estate Investor, March 12, 2003
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