INSUBCONTINENT EXCLUSIVE:
CBRE released its annual Global Prime Office Occupancy Costs survey.New Delhi's Connaught Place has moved one position higher to become
ninth most expensive office location in the world with an annual rent of $153 per square feet, according to property consultant CBRE,
reported news agency Press Trust of India
Mumbai's Bandra Kurla Complex (BKC) slipped to the 26th position (from 16th) with an annual prime rent of $96.51 per square feet
The central business district (CBD) of Nariman Point also moved down to 37th position commanding an annual prime rent of $72.80 per square
The cost reflect rent, plus local taxes and service charges for the highest-quality prime office properties."Delhi, being a prime market,
continues to witness significant activity and has moved one step ahead to the 9th position owing to stable vacancy, rents and absorption,"
said Anshuman Magazine, chairman, India South-East Asia, CBRE
sixth with an annual rent of $183.78 per square feet, while New York (Midtown-South Manhattan) is at 7th position commanding rent of $171.56
costs rose 2.4 per cent year-over-year
The cost in America was up 3.2 per cent, Europe, the Middle East and Africa (EMEA) 2 per cent and Asia Pacific 1.7 per cent
expensive office locations in the world:1
Beijing (Finance Street)4
New York (Midtown-Manhattan)7
New York (Midtown-South Manhattan)8
Tokyo (Marunouchi/Otemachi)9
New Delhi (Connaught Place)10
London (City)(With PTI Inputs)
