Published On : Fri, Sep 15th, 2017

Connaught Place world’s 10th most expensive office location

New Delhi’s Connaught Place has slipped one position to become the tenth most expensive office location in the world with an annual rent of USD 111 per sq ft, according to property consultant CBRE.

Mumbai’s Bandra Kurla Complex is at 16th rank while Nariman Point is at 30th position in the CBRE’s latest report Global Prime Office Rent H1 2017.

Asia dominated the top ten most expensive markets in the world, with Hong Kong holding two of the top three most expensive office markets. Hong Kong’s (Central) ranked first with overall prime office rent of USD 269 per sq ft per year, followed by Beijing (Finance Street) at USD 174 per sq ft and Hong Kong (West Kowloon) at USD 164 per sq ft. New York (Midtown Manhattan) and Beijing (CBD) rounded the top five, with Tokyo (Marunouchi/Otemachi), Shanghai (Pudong) and New Delhi (Connaught Place – CBD) also featuring in the top ten most expensive list.