So here they are – in U.S. dollars per square foot per year – the world’s 12 most expensive office locations:
1. LONDON: St. James’s -- $194
Topping the list is St James’s in London’s West End, home to hedge and sovereign wealth funds, and niche wealth and investment managers. The area enjoys unparalleled accessibility, luxury amenities and proximity to clients.
2. HONG KONG: Central -- $162
Central is the place to be for this international financial center’s banking and finance community. The area offers first-class hotels, luxury retail (shopping has been called a ‘serious sport’ in Hong Kong) and excellent transport links and interconnecting walkways, which can be particularly welcoming on hot and humid summer days.
3. BEIJING: Finance Street -- $137
This Beijing submarket was planned and built specifically to attract the highest-tier financial institutions. Major state-owned enterprises and global investment banks and insurance companies have accepted the invitation.