Connaught Place of New Delhi is among the top 10 expensive office markets in the world.
New Delhi’s Connaught Place has retained its 9th place in CBRE’s list of world’s top 10 most expensive office markets. CBRE is a consulting firm working in the real estate sector and the findings are a part of the company’s annual survey released today. Survey of Global Prime Occupancy Cost, mainly takes into account the cost of leasing office space to a prominent place around the world.
It is reported, the cost of office occupancy in CP, New Delhi is $ 143.97 per square foot. Nariman Point Central Business District of Bandra Kurla Complex or BKC and Mumbai has been ranked 27th and 40th respectively. For these places, the annual principal rent comes from $ 90.67 per square foot and 68.38 dollars per square foot respectively.
Top 10 most expensive markets are.
1. Hong Kong (Middle), Hong Kong
2. London (West End), United Kingdom
3. Hong Kong (Kowloon), Hong Kong
4. New York (Midtown-Manhattan), US
5. Beijing (Finance Street) China
6. Beijing (CBD) China China
7. New York (Midtown-South Manhattan),US
8. Tokyo (Marunouchi / Otamachi), Japan
9. New Delhi (Connaught Place-CBD), India
10. London (City), United Kingdom
It is estimated from the survey that out of the top 10 most expensive office markets globally, six are present in Asia. And it is the second time that the Hong Kong (Middle) district of Hong Kong has achieved the top spot with the US $ 322 per square feet rental as the world’s most expensive office leasing market.