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]