Delhi s Connaught Place world s 9th most expensive office area: Report
Wednesday - July 11, 2018 5:42 pm ,
Category : BUSINESS
Delhi s Connaught Place world s 9th most expensive office area: Report
New Delhi July 11 (IANS) Connaught Place in Delhi is the ninth most expensive office location in the world a CBRE report said here on Wednesday.
"Delhi s Connaught Place moved one notch up to be the ninth most expensive office location with an annual prime rent of $153.26 per square feet from last year s tenth most expensive office location " said the report titled "Global Prime Office Occupancy Costs 2018".
Meanwhile Mumbai s Bandra Kurla Complex moved down to the 26th position with an annual prime rent of $96.51 per square feet and the central business district in Nariman Point Mumbai fell from 30th to 37th position with an annual prime rent of $72.80 per square feet it said.
The most expensive office location in the world is Hong Kong (Central) with annual prime rent of $306.57 per square feet according to the report. The city held on to the top position for the second consecutive year it said.
London (West End) and Finance Street in Beijing were second and third in the list.
CBRE s Chairman India and South-East Asia Anshuman Magazine said: "Strong demand from finance technology and the e-commerce sectors has fuelled the growth momentum in prime occupancy costs from last year and commercial office market remains a strong growth propeller for the real estate sector."
--IANS rrb/vd
"Delhi s Connaught Place moved one notch up to be the ninth most expensive office location with an annual prime rent of $153.26 per square feet from last year s tenth most expensive office location " said the report titled "Global Prime Office Occupancy Costs 2018".
Meanwhile Mumbai s Bandra Kurla Complex moved down to the 26th position with an annual prime rent of $96.51 per square feet and the central business district in Nariman Point Mumbai fell from 30th to 37th position with an annual prime rent of $72.80 per square feet it said.
The most expensive office location in the world is Hong Kong (Central) with annual prime rent of $306.57 per square feet according to the report. The city held on to the top position for the second consecutive year it said.
London (West End) and Finance Street in Beijing were second and third in the list.
CBRE s Chairman India and South-East Asia Anshuman Magazine said: "Strong demand from finance technology and the e-commerce sectors has fuelled the growth momentum in prime occupancy costs from last year and commercial office market remains a strong growth propeller for the real estate sector."
--IANS rrb/vd
