Top 10 Most Expensive Office Spaces in the World

Consumers and businesses are backbone of a country’s economy. Without promoting business ventures no country can enjoy stable economy for a long time. Most of the times, success of business largely depends on where a business house is situated. A list here talks about those cities that boast of being the most expensive office sites all across the globe. Till last year, India’s financial capital Mumbai was also in the list of the top 10 most expensive office sites in the world, but this year it has slipped to the 15th position in the list. Mumbai has been featuring in the list for six consecutive years. Here is the new list that mentions the top 10 most expensive office sites in the world.

  1. Hong Kong
  2. London
  3. Tokyo
  4. Moscow
  5. Beijing
  6. New York
  7. Sydney
  8. Rio de Jeneiro
  9. Paris
  10. Zurich

1. Hong Kong
Hong Kong tops the list of the top 10 most expensive office sites in the world. The occupancy costs in Hong Kong climbed 1% in 2011. To establish a business in this city, one will have to shell out $244 per sq ft per year.

2. London
This is the second most expensive office site in the world. Occupancy costs in the West End of London climbed 8% in the year 2011. One needs to dole out at least $239 per sq ft per year to start a business in this city.

3. Tokyo
Tokyo is the third most expensive office site across the globe. Tokyo’s occupancy costs climbed 7% in the year 2011. To carry out a business in this city of Japan, one need to spend at least $197 per sq ft per year.

4. Moscow
Moscow is the fourth most expensive office site in the world. Capital city of Russia, Moscow saw a 41% rise in occupancy costs in early 2012. The average cost for property in Moscow is around $148 per sq ft per year.

5. Beijing
The Chinese capital Beijing is at the fifth position in the list of the most expensive office sites in the world. It is a brand new entry in the 2012 list. The average occupancy cost in the city is $130 per sq ft per year.

6. New York
New York comes at the sixth position in the list of the most expensive office sites in the world. The occupancy cost in New York has climbed 4% in the year 2011. The average occupancy cost in the city is $120 per sq ft per year.

7. Sydney
Sydney is the seventh most expensive office sites in the world. This is a new entry in the list with occupancy costs of average $119 per sq ft per year.

8. Rio de Jeneiro
Rio de Jeneiro is the eighth most expensive office sites in the world. The occupancy costs in Rio de Janeiro has fell 8% in the year 2011. One need to shell out $109 per sq ft per year to set up a business here.

9. Paris
Paris is the ninth most expensive office sites in the world. The occupancy costs in Paris climbed 5% in the year 2011. Shell out $106 per sq ft annually to start a business here.

10. Zurich
Zurich is the tenth most expensive office sites in the world. The average occupancy costs in this Swiss city are approximately $98 per sq ft per year.

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