In Latin America, São Paulo remains the most expensive market, posting
an office occupancy cost of US$ 118.86 per sq. ft., and ranks as the 14th most expensive market globally.
According to CBRE Research's latest annual Global Prime
Office Occupancy Costs report, Hong Kong (Central) and London's West End topped the list of prime
office occupancy costs again.
The dominance of Asia in the world's most expensive office locations continued, as Hong Kong - Central remained the highest priced market and four other Asian markets populated the top five, according to CBRE Global Research and Consulting's semi-annual Prime
Office Occupancy Costs survey.
The dominance of Asia in the world's most expensive office locations continues, as Hong Kong - Central remains the highest priced market and four other Asian markets populate the top five, according to CBRE Global Research and Consulting's semi-annual Prime
Office Occupancy Costs survey.
According to CBRE Research's latest annual Global Prime
Office Occupancy Costs report, Hong Kong (Central) and London's West End topped the list of prime
office occupancy costs again.
Not exact matches
Firms that do so likely will find that sharing
offices downtown becomes viable, which can dramatically lower
occupancy cost.
Mumbai is now in fourth position on the list while Moscow remains in fifth in the CBRE rankings, which tracks
occupancy costs for prime
office space in 176 cities around the globe.
The study also shows that
office occupancy is tightening (see box below for how to access the online story «Occupancy Cost Gap Narrowing Between U.S. and Europe / Asia») and that REITs (real estate investment trusts) once again post the highest volume of acqu
occupancy is tightening (see box below for how to access the online story «
Occupancy Cost Gap Narrowing Between U.S. and Europe / Asia») and that REITs (real estate investment trusts) once again post the highest volume of acqu
Occupancy Cost Gap Narrowing Between U.S. and Europe / Asia») and that REITs (real estate investment trusts) once again post the highest volume of acquisitions.
«7100 Highlands Parkway is a perfect fit with Beacon's philosophy of acquiring distinctive or iconic Class A
office buildings with histories of strong
occupancies in major cities at prices well below today's replacement
costs,» said Paul Gaines, director of asset management in Beacon's Atlanta
office.
With the exception of lower
occupancy costs — maybe a few thousand dollars a year, depending on where the
office is and whether the company owns or rents its space —
costs tend not to drop, says Cocks.