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When it comes to renting office space, you may get a better deal in Paris or Sydney than in Connaught Place, New Delhi. This is according to Cushman and Wakefield report on office space rental trends around the world. Connaught Place continued to remain the most expensive location in India last year, after claiming the title in 2012.
However, it slipped from fourth to eighth place globally, despite stable rents, due to falling rupee. West End in London retained its most expensive office market title for the second consecutive year. Strong demand amid a dwindling supply of modern space bolstered a 5 per cent rise in prime office rents in 2013. But barring Europe, rent growth was slow in most regions globally.
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