CBRE just released a study of the “Top Most Expensive Markets in the World” – 6 of the 10 were in the Asia-Pacific as emerging economies attract occupiers.  The Top 10 are listed below as well as the Top 5 percent increase changes from year to year – These are amazing!  San Francisco is the only U.S. city to make the list and increased rents by 34%!   To keep it all in perspective, Jacksonville’s average rents are $17.20 per square foot.  Hong Kong is 14 times more expensive than Jacksonville!

Top Ten Most Expensive Markets (In US$ / SF Per Annum)

Rank Market Occ. Cost
1 Hong Kong (Central), Hong Kong $248.83
2 United Kingdom $220.15
3 Tokyo, Japan $186.49
4 Beijing (Jianguomen – CBD), China $180.76
5 Moscow, Russian Federation $171.53
6 Beijing (Finance Street), China $166.89
7 Hong Kong (West Kowloon), Hong Kong $158.72
8 Sao Paulo, Brazil $144.75
9 New Delhi (Connaught Place – CBD), India $140.21
10 London – Central (City), United Kingdom $131.51

Top 5 Increases

Rank Market % Change
1 Beijing (Jianguomen – CBD), China 49.4%
2 Beijing (Finance Street), China 42.0%
3 Guangzhou, China 40.4%
4 San Francisco (Downtown), U.S. 34.0%
5 San Francisco (Peninsula), U.S. 32.7%

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