Strategic Intelligence for CFOs, Finance Directors, Controllers and Treasurers in Asia  | 
2010, Sep 07

Tokyo Replaces Hong Kong as World's Most Expensive Office Location

Home > News > Tokyo Replaces Hong Kong as World's Most Expensive Office Location
News

Tokyo Replaces Hong Kong as World's Most Expensive Office Location

by CFO Innovation Staff, 23 February 2010
topics:
Metrics
tags:
office location survey
Thumbnail: 

Tokyo has replaced Hong Kong as the world’s most costliest office location after rents slumped across main business capitals because of the global recession, says Bloomberg, citing broker Cushman & Wakefield Inc.

 

Citing figures from the broker, Bloomberg says rents for prime office buildings in Tokyo fell 21% to $163.90 a square foot last year. The cost of leasing offices in Hong Kong, which slipped to third place, dropped by 35%. London’s West End was the second most expensive district.

 

The global recession prompted companies to either lease less space or switch to cheaper premises and lease their excess space to other firms, hurting demand, the broker told Bloomberg.
 

Original Article URL: 
Tokyo Becomes World’s Costliest Office Market, Passes Hong Kong
Orignal Author: 
CFO Innovation Staff
Quote Image: 
Original Article URL:

Related articles

Comment on this article

The content of this field is kept private and will not be shown publicly.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Allowed HTML tags: <a> <em> <strong> <cite> <code> <ul> <ol> <li> <dl> <dt> <dd> <a> <p> <span> <div> <h1> <h2> <h3> <h4> <h5> <h6> <img> <img /> <map> <area> <hr> <br> <br /> <ul> <ol> <li> <dl> <dt> <dd> <table> <tr> <td> <em> <b> <u> <i> <strong> <font> <del> <ins> <sub> <sup> <quote> <blockquote> <pre> <address> <code> <cite> <embed> <object> <strike> <caption>
  • Lines and paragraphs break automatically.
  • Use <!--pagebreak--> to create page breaks.

More information about formatting options

Accounting and Regulations

CFO innovation Asia Accounting and Regulation the Asia Pacific resource center for senior finance executives, daily news, analysis, best practice and case studies in Accounting Regulation, IFRS, US GAAP, Tax, investor relations, corporate governance, Corporate Law, Financial Regulators, Internal Audit, Audit, Corporate Law.
Auditing, Investor Relations, Law and Compliance, Tax

Finance and Banking

CFO innovation Asia, Finance and Banking the Asia Pacific resource center for senior finance executives, daily news, analysis, best practice and case studies in Corporate Finance, trade finance, treasury and risk management, capital expenditure, Banking, mergers and acquisitions
Cash and Liquidity Management, Corporate Finance, Insurance, Treasury Management

Management

CFO innovation Asia the Asia Pacific resource center for senior finance executives, daily news, analysis, best practice and case studies in Finance Management, Corporate Governance, Human Resource Management, Compensation and Benefits, Mergers and Acquisitions, Professional Development, Corporate Real Estate, Risk Management, Budgeting and Forecasting, Business Process Management, Business Process Reengineering, Outsourcing.
Budgeting and Planning, Business Expense Management, Human Capital Management, Outsourcing and Shared Services, Risk Management

Metrics

Corporates, Financial Services

Technology

CFO innovation Asia Technology the Asia Pacific resource center for senior finance executives, daily news, analysis, best practice and case studies in Finance Systems, Business Intelligence, EPR, Accounting software, CRM, Cloud Computing, Telecommunications, Business Process Outsourcing, Business Process Management Software.
Business Intelligence, Enterprise Software and Systems, Financial Systems, Security