SUBSCRIBERS

Super premiums for top floors of HK office towers

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

Published Wed, Mar 5, 2014 · 10:00 PM
Share this article.

[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…

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to  t.me/BizTimes

Property

SUPPORT SOUTH-EAST ASIA'S LEADING FINANCIAL DAILY

Get the latest coverage and full access to all BT premium content.

SUBSCRIBE NOW

Browse corporate subscription here