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Photo by Discover Hong Kong

HONG KONG, CHINA–Globally, the average annual cost per workstation rose by 1.5% over the last 12 months — an increase driven in part by the Americas, which saw a 4.2% uptick in costs. But the most expensive office market in the world can be found in Hong Kong, according to Cushman & Wakefield’s annual Office Space Across the World report. The city has replaced London’s West End as the highest-cost office market in which to accommodate staff, the report said.

Erika Morphy

Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.

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