Mumbai
Bandra-Kurla Complex (BKC) has been ranked the 15th most expensive prime office market in the world (US $102 or over Rs6,400). Nariman Point was ranked 30th ($76 or Rs4,900) on the top 50 ranking. Both are up one notch from last year's rankings. The finds are part of CBRE Research's semi-annual Global Prime Office Occupancy Costs survey released on Thursday .
At nearly US$157 per sq ft per annum (Rs10,000), Delhi's Central Business District (CBD) of Connaught Place was ranked the fifth most expensive.
London's West End remained the world's costliest prime office market, while Asia continued to dominate the world's most expensive office locations, accounting for four of the top five markets.“Although Delhi's Connaught Place moved up a spot in the rankings, due to the rupee depreciation, occupancy costs in this market remained largely stable due to a positive market sentiment. Mumbai's BKC and Nariman Point showed a nominal decrease of less than 1% over a 12-month period,“ said Anshuman Magazine, CMD, CBRE South Asia Pvt Ltd.
Asia-Pacific had 20 markets ranked in the top 50 most expensive, including six of the top 10--Hong Kong (Central), Beijing (Finance Street), Beijing (CBD), New Delhi (Connaught Place-CBD), Hong Kong (West Kowloon) and Tokyo (Marunouchi Otemachi).
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