Most Expensive Office Location

Successful businesses often compete for the best office locations in dynamic large cities around the world. Because of this competition, office space has become increasingly more expensive around the world. Certain cities for different reasons have the most expensive office locations in the world. London’s West End remains the world’s most expensive office location, according to a survey by global property advisers DTZ.

DTZ’s ninth annual Global Office Occupancy Costs (GOOC) Survey 2006 is a guide to total costs across 117 business districts in 46 countries around the world. Office location costs are the average total cost of leasing prime net usable space. This is defined as modern, well-specified office space of 10,000 sf (929 sm) within a prime business district. The costs include rent and outgoings, such as maintenance costs and tax.

Occupancy Costs of a workstation per year

1. London US$18,740
2. Washington, DC US$15,370
3. Hong Kong US$15,000

The other expensive office locations were Paris, Central London, Frankfurt, Midtown New York, Dublin, Central Tokyo and Luxembourg.