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]

Dr. Amarendra Bhushan Dhiraj

Dr. Amarendra Bhushan DhirajVerified account

CEO and editorial director at CEOWORLD Magazine
Dr. Amarendra Bhushan Dhiraj is the CEO and editorial director at CEOWORLD magazine, the leading global business magazine written strictly for CEOs, CFOs, top managers, company directors, investors, senior executives, business leaders, high net worth individuals, and the most globally powerful men and women.
Dr. Amarendra Bhushan Dhiraj
I wanted to say thanks... Knowledge is like a kiss. You must share it to enjoy it.
  •  
    3
    Shares
  • 1
  •  
  •  
  • 2
  •  
  •  
  •  
  •  
  •  
  •  

Leave a Reply

Previous ArticleNext Article