Posted on 06/24/2013 1:42:39 AM PDT by TexGrill
Bangkok is the cheapest city for office space rental in Asia this year, while Hong Kong is the most expensive, an international property consulting company said Monday.
Out of 127 cities surveyed worldwide by the CBRE Global Research and Consulting's semi-annual prime office occupancy costs survey, Bangkok ranked 115th, the cheapest in the Asia-Pacific region.
Central Hong Kong had the region's and world's highest office rents for the third year in a row, at an average rate of US$235.23 per square metre per month, said the survey, based on rental rates in the first quarter of 2013.
Central London's West End ranked the second-most expensive office location worldwide, at $222.58 per square metre per month, followed by Beijing's financial and central business districts and New Delhi's central business district.
Central Hong Kong has managed to keep its office prices high partly because of the influx of mainland Chinese firms seeking prestigious buildings, the survey said.
(Excerpt) Read more at bangkokpost.com ...
One night in Bangkok makes a hard man humble.
I can feel the devil walking next to me in Bangkok
;-)
Regards
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