Property News · December 4, 2018

New York office rents edge closer to Hong Kong’s – still the world’s most expensive city to set up shop


New York is rapidly closing the gap on prime office rents with Hong Kong and analysts say it could fall next year if the trade war persists, even as the special administrative region remained the world’s most expensive city to set up shop for the fourth consecutive year.
The gap between occupancy costs – rent, tax and service charge – in Central and New York’s Midtown narrowed by 6 percentage points in the 12 months to September 2018, according to a JLL report tracking…

Source : South China Morning Post
Read more…New York office rents edge closer to Hong Kong’s – still the world’s most expensive city to set up shop

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