Lisa Strope of JLL Strope: “New deliveries have pushed the high water mark for premium office rents in Boston this yea.”

BOSTON—New York City is third in the world and Boston is third in the US for trophy office rents, JLL said Friday. The firm’s latest Premium Office Rent Tracker report, comparing like-for-like occupation costs across 35 markets in 31 cities worldwide, shows a tightening among the world’s premier markets over the past year along with a significant uptick in rents in the priciest cities.

Hong Kong and London retained their spots atop the world’s priciest premium office markets while New York replaced Beijing in the third slot. Boston rose to 11th place overall; the recently completed 888 Boylston St. there has set a new rental benchmark.

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Paul Bubny

Paul Bubny is managing editor of Real Estate Forum and GlobeSt.com. He has been reporting on business since 1988 and on commercial real estate since 2007. He is based at ALM Real Estate Media Group's offices in New York City.

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