Urban Transformation

Cities with the most expensive office space

Joe Myers
Writer, Forum Agenda
Our Impact
What's the World Economic Forum doing to accelerate action on Urban Transformation?
The Big Picture
Explore and monitor how Real Estate is affecting economies, industries and global issues
A hand holding a looking glass by a lake
Crowdsource Innovation
Get involved with our crowdsourced digital platform to deliver impact at scale
Stay up to date:

Real Estate

Hong Kong has retained its position as the world’s most expensive city to rent high-rise office space, according to Knight Frank’s latest Skyscraper report.

The report highlights the average rent, in US$ per square foot, per year. The following chart shows the top 10 cities for prime rent prices.

1510B31-expensive office space hong kong nyc  chart

Following Hong Kong in second place is New York City, over $100 behind, with an average rent of $153 per square foot, per year. The top three is completed by Tokyo, with $125.

However, in the last six months London (in fourth place for overall price) has experienced the highest growth – nearly 11% between December 2014 and June 2015. There haven’t been so few vacancies in 14 years. San Francisco, in fifth, has also experienced high growth – in excess of 8%. The city is continuing to benefit from its expanding technology sector.

Have you read?
10 most expensive cities to rent property
Why is Angola’s capital the world’s priciest city?
Top 30 cities for real estate investment

To keep up with the Agenda subscribe to our weekly newsletter.

Author: Joe Myers is a Digital Content Producer at Formative Content. 

Image: A rainbow arches over Hong Kong’s Victoria Harbour June 19, 2012. REUTERS/Bobby Yip 

Don't miss any update on this topic

Create a free account and access your personalized content collection with our latest publications and analyses.

Sign up for free

License and Republishing

World Economic Forum articles may be republished in accordance with the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International Public License, and in accordance with our Terms of Use.

The views expressed in this article are those of the author alone and not the World Economic Forum.

World Economic Forum logo
Global Agenda

The Agenda Weekly

A weekly update of the most important issues driving the global agenda

Subscribe today

You can unsubscribe at any time using the link in our emails. For more details, review our privacy policy.

How cities can contribute to a more inclusive and equitable future for everyone

Andras Szorenyi

July 14, 2024

About Us



Partners & Members

  • Sign in
  • Join Us

Language Editions

Privacy Policy & Terms of Service

© 2024 World Economic Forum