HK Office Space Priciest in the World

HONG KONG: Hong Kong became the world's most expensive place to rent office space last year, a study has found, despite government efforts to cool the surging property market and avoid a bubble.

“Fuelled by the economic recovery, Hong Kong entered 2011 as the most expensive office location in the world,” said property consultant DTZ in its annual report on global office occupancy costs.

The average price of office property per workstation rose by almost a third from a year earlier in Hong Kong to US$22,330, surpassing the 2009 leader, London's West End, the report said. - AFP

By The Star Online

Source: http://biz.thestar.com.my/news/story.asp?file=/2011/3/5/business/8195413&sec=business