CBRE: prime office occupancy costs in Hong Kong rise by 7.3% in year to September 2015
In its latest review of global prime occupancy costs, ‘Office space gets pricier as global economy edges up’, CBRE noted that Hong Kong’s Central sub-market was in 21st position in its ranking of centres by increases in local currency occupancy costs. Occupancy costs in Central Hong Kong increased by 7.3%. With September 2015 occupancy costs of US$269.31 per square foot per annum, Central Hong Kong was by that measure the 2nd most expensive centre overall. West Kowloon was the 5th most expensive market globally, with occupancy costs of US$162.04 per square foot per annum.
Source : CBRE/ February 2016/Hong Kong/OFF