HK office rents most expensive in the world: JLL

Singapore

HONG Kong has the world's costliest office space, according to a new report from JLL, while Singapore's office space is being made more affordable by new supply.

Renting a top-quality office in Hong Kong costs an average of US$262 per square foot (psf) per year as strong tenant demand and shortages of premium-grade space push prices up, according to JLL's Global Premium Office Rent Tracker. In second place is London where rents in the best buildings average US$240 psf per year. Beijing, which is rapidly extending its global business networks, ranks third at US$199 psf per year.