Photographs: Wolfgang Rattay/Reuters
As the global economy shows sign of recovery, occupancy costs for prime office space have continued to increase over the past year. The Americas saw highest year-over-year growth rate, at 4.6 per cent, followed by Asia Pacific, at 3.2 per cent, and Europe, Middle East and Africa at 0.4 per cent.
Let's take a look at some of the most expensive prime office occupancy rates around the world, including India, according to CBRE, the largest commercial real estate services firm in the world.
Source: CBRE
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World's 25 most expensive office spaces include two from India
Photographs: Andrew Winning/Reuters
West End
City: London
Country: United Kingdom
Annual rent: $259.36 per sq ft
Overall rank: 1
Annual rent of an office space in London's West End is $259.36 per square foot.
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World's 25 most expensive office spaces include two from India
Photographs: Kin Cheung/Reuters
Central district
City: Hong Kong
Country: Hong Kong
Annual rent: $234.30 per sq ft
Overall rank: 2
Annual rent of an office space in Hong Kong's Central district is $234.30 per square foot.
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World's 25 most expensive office spaces include two from India
Photographs: Jason Lee/Reuters
Finance Street
City: Beijing
Country: China
Annual rent: $197.05 per sq ft
Overall rank: 3
Annual rent of an office space in Beijing's Finance Street is $197.05 per square foot.
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World's 25 most expensive office spaces include two from India
Photographs: Jason Lee/Reuters
Central Business District
City: Beijing
Country: China
Annual rent: $189.67 per sq ft
Overall rank: 4
Annual rent of an office space in Beijing's Central Business District is $189.67 per square foot.
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World's 25 most expensive office spaces include two from India
Photographs: Bobby Yip/Reuters
West Kowloon
City: Hong Kong
Country: Hong Kong
Annual rent: $170.42 per sq ft
Overall rank: 5
Annual rent of an office space in Hong Kong's West Kowloon is $170.42 per square foot.
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World's 25 most expensive office spaces include two from India
Photographs: Maxim Shemetov/Reuters
Moscow
City: Moscow
Country: Russia
Annual rent: $165.05 per sq ft
Overall rank: 6
Annual rent of an office space in Moscow is $165.05 per square foot.
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World's 25 most expensive office spaces include two from India
Photographs: Buddhika Weerasinghe/Reuters
Connaught Place
City: New Delhi
Country: India
Annual rent: $156.65 per sq ft
Overall rank: 7
Annual rent of an office space in New Delhi's Connaught Place is $156.65 per square foot.
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World's 25 most expensive office spaces include two from India
Photographs: Toru Hanai/Reuters
Marunouchi Otemachi
City: Tokyo
Country: Japan
Annual rent: $154.67 per sq ft
Overall rank: 8
Annual rent of an office space in Tokyo's Marunouchi Otemachi is $154.67 per square foot.
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World's 25 most expensive office spaces include two from India
Photographs: Luke MacGregor/Reuters
City district
City: London
Country: United Kingdom
Annual rent: $142.71 per sq ft
Overall rank: 9
Annual rent of an office space in London's City district is $142.71 per square foot.
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World's 25 most expensive office spaces include two from India
Photographs: Charles Platiau/Reuters
Paris
City: Paris
Country: France
Annual rent: $122.10 per sq ft
Overall rank: 10
Annual rent of an office space in Paris is $122.10 per square foot.
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World's 25 most expensive office spaces include two from India
Photographs: Zoran Milich/Reuters
Manhattan
City: New York
Country: United States
Annual rent: $120.65 per sq ft
Overall rank: 11
Annual rent of an office space in New York's Manhattan is $120.65 per square foot.
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World's 25 most expensive office spaces include two from India
Photographs: Aly Song/Reuters
Pudong
City: Shanghai
Country: China
Annual rent: $119.50 per sq ft
Overall rank: 12
Annual rent of an office space in Shanghai's Pudong is $119.50 per square foot.
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World's 25 most expensive office spaces include two from India
Photographs: Ricardo Moraes/Reuters
Rio de Janeiro
City: Rio de Janeiro
Country: Brazil
Annual rent: $112.22 per sq ft
Overall rank: 13
Annual rent of an office space in Rio de Janeiro is $112.22 per square foot.
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World's 25 most expensive office spaces include two from India
Photographs: Carlos Barria/Reuters
Puxi
City: Shanghai
Country: China
Annual rent: $111.69 per sq ft
Overall rank: 14
Annual rent of an office space in Shanghai's Puxi is $111.69 per square foot.
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World's 25 most expensive office spaces include two from India
Photographs: Vivek Prakash/Reuters
Bandra-Kurla Complex
City: Mumbai
Country: India
Annual rent: $109.24 per sq ft
Overall rank: 15
Annual rent of an office space in Mumbai's Bandra-Kurla Complex is $109.24 per square foot.
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World's 25 most expensive office spaces include two from India
Photographs: Nacho Doce/Reuters
Sao Paulo
City: Sao Paulo
Country: Brazil
Annual rent: $105.11 per sq ft
Overall rank: 16
Annual rent of an office space in Sao Paulo is $105.11 per square foot.
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World's 25 most expensive office spaces include two from India
Photographs: Daniel Munoz/Reuters
Sydney
City: Sydney
Country: Australia
Annual rent: $104.39 per sq ft
Overall rank: 17
Annual rent of an office space in Sydney is $104.39 per square foot.
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World's 25 most expensive office spaces include two from India
Photographs: Jana Asenbrennerova/Reuters
Downtown
City: San Francisco
Country: United States
Annual rent: $102.00 per sq ft
Overall rank: 18
Annual rent of an office space in San Francisco's Downtown is $102.00 per square foot.
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World's 25 most expensive office spaces include two from India
Photographs: Denis Balibouse/Reuters
Geneva
City: Geneva
Country: Switzerland
Annual rent: $101.30 per sq ft
Overall rank: 19
Annual rent of an office space in Geneva is $101.30 per square foot.
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World's 25 most expensive office spaces include two from India
Photographs: Tim Chong/Reuters
Singapore
City: Singapore
Country: Singapore
Annual rent: $98.50 per sq ft
Overall rank: 20
Annual rent of an office space in Singapore is $98.50 per square foot.
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World's 25 most expensive office spaces include two from India
Photographs: Jo Yong-Hak/Reuters
Central Business District
City: Seoul
Country: South Korea
Annual rent: $97.22 per sq ft
Overall rank: 21
Annual rent of an office space in Seoul's Central Business District is $97.22 per square foot.
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World's 25 most expensive office spaces include two from India
Photographs: Brian Snyder/Reuters
Downtown
City: Boston
Country: United States
Annual rent: $93.75 per sq ft
Overall rank: 22
Annual rent of an office space in Boston's Downtown is $93.75 per square foot.
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World's 25 most expensive office spaces include two from India
Photographs: Ghazal Watfa/Reuters
Dubai
City: Dubai
Country: United Arab Emirates
Annual rent: $92.56 per sq ft
Overall rank: 23
Annual rent of an office space in Dubai is $92.56 per square foot.
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World's 25 most expensive office spaces include two from India
Photographs: Arnd Wiegmann/Reuters
Zurich
City: Zurich
Country: Switzerland
Annual rent: $91.44 per sq ft
Overall rank: 24
Annual rent of an office space in Zurich is $91.44 per square foot.
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World's 25 most expensive office spaces include two from India
Photographs: Murad Sezer/Reuters
Istanbul
City: Istanbul
Country: Turkey
Annual rent: $86.78 per sq ft
Overall rank: 25
Annual rent of an office space in Istanbul is $86.78 per square foot.
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World's 25 most expensive office spaces include two from India
Photographs: Larry Downing/Reuters
Washington, DC
City: Washington, DC
Country: United States
Annual rent: $86.47 per sq ft
Overall rank: 26
Annual rent of an office space in Washington, DC, is $86.47 per square foot.
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World's 25 most expensive office spaces include two from India
Photographs: Tim Wimborne/Reuters
Perth
City: Perth
Country: Australia
Annual rent: $86.24 per sq ft
Overall rank: 27
Annual rent of an office space in Perth is $86.24 per square foot.
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World's 25 most expensive office spaces include two from India
Photographs: Woohae Cho/Reuters
Yeouido
City: Seoul
Country: South Korea
Annual rent: $83.09 per sq ft
Overall rank: 28
Annual rent of an office space in Seoul's Yeouido is $83.09 per square foot.
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