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What are the most expensive office locations and which cities offer the best value globally?

​As premium office rental costs continue to rise across major cities, up nearly 4% in US dollar terms during 2017, affordability is a growing concern for corporates, especially in the top-tier markets. In our latest Premium Office Rent Tracker, we look at the world’s most expensive office locations, where technology-rich markets feature strongly, and cities that offer the best value globally attracting significant corporate interest, especially in talent hotspots.

We also explore occupancy costs in alternative business districts in leading global cities where premium office space is available at a significant discount.​

We compare rents in 54 major office markets in 46 cities across the globe, including the key components of occupancy costs – net effective rent, service charges and government tax on rent – all standardised to enable true international comparisons.​

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What are the five most expensive office locations in the world?

See the rest of the 54 markets we evaluated and learn more about global office leasing trends.

Download the Tracker​
  • 1

    Hong Kong, Central

    $323 p.s.f.

  • 2

    New York, Midtown

    $194 p.s.f.

  • 3

    London, West End

    $193 p.s.f.

  • 4

    Beijing, Finance St

    $190 p.s.f.

  • 5

    Silicon Valley

    $158 p.s.f.

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