Delhi ranks 7th in most expensive office locations list: Report

Delhi has emerged as one of the most expensive premium office locations in the world. Ranked 7th in the list, rent of Delhi’s premium office location is higher than San Francisco and Dubai, according to the latest report by JLL India, a real estate services firm.

Also, at 16th place Mumbai is another Indian city in the list whose rentals are higher than Los Angeles, Singapore, Paris and Sydney.

The top spot is again taken by Hong Kong and there is huge margin between the rent rates between Hong Kong and London (West), which is second in the list. New York, Beijing, Tokyo are on the third, fourth and fifth position respectively.

While six sub-markets from Asia figure in the top-10, there are also Kuala Lumpur, Manila and Bangkok comprising the top three most affordable premium office locations globally. According to the finding of the reports, cities across Asia-Pacific are home to the world’s most expensive premium office space at an average $111 per square foot every year which is more than the America’s which is $85 per square foot per year.