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Super premiums for top floors of HK office towers

Investors willing to pay more for them than equivalent space in Manhattan

[LONDON] Investors are willing to pay more than twice as much for offices on the upper floors of Hong Kong skyscrapers than for equivalent space in Manhattan, broker Knight Frank LLP said.

Workspace at "nose bleed" level in skyscrapers, which commands the highest rent, is selling for US$69,222 a square metre in Hong Kong compared with US$42,283 in second- ranked Tokyo and US$25,740 in Manhattan, the London-based broker said in a report yesterday. Five of the 10 most expensive cities are in the Asia-Pacific...

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