Top 10 most expensive cities in the world to setup office in

Posted on November 23, 2007

Filed Under World Property News | 7 comments

Office prices are touching the sky and there are two Indian cities featuring in the list of top 10 most expensive places to setup office in. Here is the list with rental rates in USD/sq. ft.)

  1. London (West End) : 329
  2. Mumbai : 190
  3. London (City) : 181
  4. Moscow : 181
  5. Tokyo (Inner Central) : 179
  6. Tokyo (Outer Central) : 154
  7. Paris : 127
  8. New Delhi : 127
  9. Dublin : 114
  10. Hong Kong : 106

Source: (CBRE Half Yearly Survey on global rates)

Comments

7 Responses to “Top 10 most expensive cities in the world to setup office in”

  1. Kenny Alex on December 16th, 2007 3:28 am

    “land is gold”….the rental rate is so high..it makes me down!

  2. Rajani on March 14th, 2008 1:39 am

    Nice survey. You can also include the office rental price at bangalore, india. it is also increasing as a giant.

  3. rav on March 15th, 2008 1:50 am

    Mumbai is most expensive

  4. Vishal on April 2nd, 2008 5:17 am

    This is true but in India top most citi to be develop is South states of india

  5. Vikas Bamotra on April 10th, 2008 5:07 am

    MUMBAI is India’s 4th fastest growing cities:

    4. MUMBAI

    Growth rate: 8.5%

    Thats the reason it is 2nd in this list

  6. amit on April 10th, 2008 9:06 am

    As India witnesses a spurt in property prices, its financial capital Mumbai has been ranked as one of the world’s top 10 expensive locations in terms of accommodation cost.

    Mumbai, which is ranked seventh, is followed by Shanghai, on whose lines the government is planning to develop the Indian financial hub.

    The list comprises Hong Kong, Tokyo, New York, Moscow, Seoul, London, Mumbai, Shanghai, Caracas (Venezuela) and Paris (in order of their position), according to a study by International Human Resource organisation ECA International.

    “High rentals in Tokyo, New York, Seoul, Moscow, London and Paris largely reflect high living costs in these locations, while Mumbai, Shanghai and Beijing suffer from a shortage of modern and well equipped properties, pushing prices up for those properties that do,” ECA International Hong Kong General Manager Lee Quane said.

    However, Caracas, the capital of Venezuela, makes it to the list of the top 10 most expensive cities as renting a three-bedroom apartment can cost quite lot in terms of security, Quane said.

    In April, Finance Minister P Chidambaram said the government will shortly set up a committee to lay a roadmap to make the city the heart of international financial activities.

    Mumbai is the prime choice for many multinational firms for establishing their base as they expand operations here, which is on the way to be transformed into international financial hub, Quane said.

    Though five of the top 10 expensive locations are in Asia, the list of world’s cheapest locations to rent a three-bedroom apartment does not include any Asian city.

  7. Raja on May 26th, 2008 12:58 pm

    Give us detail

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