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The Warsaw Voice » Business » August 29, 2012
Business & Economy
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Expensive Offices
August 29, 2012   
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Office occupancy costs are rising slowly but steadily worldwide, according to a report by the CBRE international commercial real estate services company. Hong Kong tops the statistics, with office rents at over 2,000 euros per square meter a year, while in Warsaw the figure is 440 euros.

CBRE analysts have tracked occupancy costs at prime office buildings in 133 countries around the world. The costs include rents, utilities and local taxes. The survey also takes into account local differences in calculating the amount of space for rent.

The 50 most expensive business districts across the world include 19 locations in the Asia Pacific region, 19 in Europe, the Middle East and Africa (EMEA), and 12 in the Americas. Sixty percent of the locations in the top 50 are in the Asia Pacific region.

The CBRE list of the world’s most expensive offices is topped by the central business district in Hong Kong, where prime office occupancy costs total 2,011 euros per sq m a year. The West End in London comes in second at 1,780 euros, followed by Tokyo at 1,508 euros. The central business district of Beijing is the fourth most expensive location in the world, at 1,461 euros. The top five closes with Moscow, at 1,387 euros a sq m a year.

With occupancy costs of 440 euros per sq a year, Warsaw comes in 64th in the survey, dropping 14 notches down from its 50th place in the previous survey. In 2009, Warsaw came in 45th.
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