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Friday, March 29, 2024
CEOWORLD magazine - Latest - CEO Advisory - World’s 10 Most Expensive Office Locations: Hong Kong has supplanted London’s West End

CEO Insider

World’s 10 Most Expensive Office Locations: Hong Kong has supplanted London’s West End

Hong Kong has supplanted London’s West End as the world’s most expensive office location in which to accommodate staff, according to Cushman & Wakefield study.

The average cost for operating an office space in Hong Kong has risen 5.5% to $27,432 per workstation per year, inclusive of taxes and service fees.

In contrast, London’s office prices have fallen 19% since 2016 to $22,665 per workstation per year.

Tokyo maintained its rank as the third-most expensive location, while Fairfield County Connecticut in the U.S. comes in at the fourth position at $17,414 per workstation per year.

World’s 10 Most Expensive Office Locations

  1. Hong Kong
    Cost: $27,432 per workstation per year
  2. London West End, UK
    Cost: $22,665 per workstation per year
  3. Tokyo, Japan
    Cost: $18,111 per workstation per year
  4. Fairfield County, Connecticut, US
    Cost: $17,414 per workstation per year
  5. San Francisco, US
    Cost: $16,205 per workstation per year
  6. New York City, US
    Cost: $15,931 per workstation per year
  7. Silicon Valley, US
    Cost: $15,004 per workstation per year
  8. Geneva, Switzerland
    Cost: $13,424 per workstation per year
  9. Sydney, Australia
    Cost: $11,997 per workstation per year
  10. Paris, France
    Cost: $11,756 per workstation per year

[Infographic: World’s 10 Most Expensive Office Locations]


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CEOWORLD magazine - Latest - CEO Advisory - World’s 10 Most Expensive Office Locations: Hong Kong has supplanted London’s West End
Prof. Dr. Amarendra Bhushan Dhiraj
Prof. Dr. Amarendra Bhushan Dhiraj is a publishing executive and economist who is the CEO and editor-in-chief of The CEOWORLD magazine, one of the world’s most influential and recognized global news publications. Additionally, he serves as the chair of the advisory board for the CEOWORLD magazine. He received his Ph.D. in Finance and Banking from the European Global School, Paris, France. He earned his Doctoral Degree in Chartered Accountancy from the European International University Paris, France, and a Doctorate in Business Administration from Kyiv National University of Technologies and Design (KNUTD), Ukraine. Dr. Amarendra also holds a Master of Business Administration degree in International Relations and Affairs from the American University of Athens, Alabama, United States.


Prof. Dr. Amarendra Bhushan Dhiraj is CEO and editor-in-chief of CEOWORLD magazine. You can follow him on LinkedIn, Facebook, Twitter.