Property News · June 28, 2018

Hong Kong’s Central remains the world’s most expensive office address for the third straight year


Hong Kong’s Central district was the world’s most expensive office address for the third consecutive year, as an influx of mainland Chinese financial firms overwhelmed the city’s supply of grade A space and drove vacancy to a three-year low.
The average annual rent in Central rose to US$307 per square foot, 30 per cent more than the US$235 per sq ft in London’s West End in second place, and almost 53 per cent higher than the US$201 per sq ft at Beijing’s Financial…

Source : South China Morning Post
Read more…Hong Kong’s Central remains the world’s most expensive office address for the third straight year

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