CBRE Research has issued its report on the Global Prime Office Occupancy Costs in 2015, listing the top five most expensive locations in the world with Hong Kong, Beijing and New Delhi topping the list. Bangkok was ranked a bargain at 105th out of 127 cities. Canberra in Australia was the only city in Asia Pacific cheaper than Bangkok, in 111th position.
Hong Kong (Central) followed London with total prime occupancy costs of US$254 per sq. ft., Beijing (Finance Street) (US$196 per sq. ft.), Beijing (Central Business District (CBD)) (US$188 per sq. ft.) and New Delhi (Connaught Place - CBD) (US$157 per sq. ft.). Mumbai's alternative business district of Bandra-Kurla Complex (BKC) stands at the 15th position while the city's CBD of Nariman Point is at the 30th position in the Top 50 rankings for global prime office properties.
Bangkok rent is at THB 870 (US$28) per sq.m. per month. Ho Chi Minh City is at $63, Hanoi $45 and Manila $32.
Asian Cities in Top 50 Most Expensive Office Markets