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 Londons 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."
Thanks to NREI Newsline
FULL STORY: London most expensive office market
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