Global economic growth is on the rise and this means more people are getting into work.
However, as demand for office space grows – so does the rent.
Knight Frank’s newly released Skyscrapers Index, part of the Global Cities 2016 report, shows us where on earth the most expensive offices are. The index takes into account how much a square foot of office space costs in a high-rise building in cities throughout the world.
Generally speaking a majority of the most expensive offices in the world are in major financial centres, but some of the cities that make the list might come as a bit of a surprise.
21. SEOUL — $33.50 per sq. ft per yr (£22). Korea’s capital city is home to huge companies like LG, Hyundai and Samsung, making it an attractive location for businesses to set up.
20. TAIPEI — $37 per sq. ft per yr (£23). The city is home to Taipei 101, which was once the world’s tallest building. It has the second highest GDP per capita of any Asian city.
19. MADRID — $38.50 per sq. ft per yr (£25). The Spanish capital has seen office prices driven up by a lack of quality space, coupled with growing demand following Spain’s recovering economy. Prices grew 3.3% to June this year.
See the rest of the story at Business Insider
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Source: businessinsider.com
These 21 cities are the most expensive places on earth to rent an office
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