Running a business is no easy task and when you want to attract the right clientele, you just have to start by impressing with your office space. If you really need to play your part in bringing big business, then just like your personal appearance, your office space should speak for the business. That is why many serious businesses are looking for space in some high end neighbourhood. It is definitely not a matter of showing off. They have just learnt the right way to attract the right clientele. Either way, these office spaces are still highly sort after. What follows is a list of the top 5 expensive market for office space in the world.
London west End
London West end has maintained its position as the most expensive place in the world to rent an office. Office space in this part of London goes for an average of $273 per square feet per annum. This area of the city is home to embassies, media houses, legal institutions, financial houses and many other big companies. It is also where most of the touristic attractions in the city are located. The West end part of London is made up of many districts some of which are; Bloomsbury, Covent Garden and Holborn.
Hong Kong Central
The most prestigious Hong Kong Central has been overtaken by London but it still is among the most expensive in the world. It will cost a business owner $234 per square feet per year t own office space in this part of the city. Being the finance center of the Asia, there are many financial houses located here and most of these are located at Hong Kong Central.
Beijing Financial Street
Beijing Financial Street is fondly referred to as the wall street of China although the tock exchange is not located there. Nonetheless, it is home to many banks some of which are the Central Bank and regulatory bodies are headquartered here. The area is made up of upwards of 40 blocks that house both domestic and foreign financial houses. Apart from being a main business area, it also offers great residential and recreational facilities. Most tourists to Beijing will try to spend some time in this area. The cost of renting a square foot of space for a year is $197.75.
Beijing Central Business District
The Beijing Central Business District or CBD is one of China’s fastest growing centres. It has rapidly turned into a hub for media houses with some of the big names in Chinese television like CCTV taking up space there. Over the years, the district has managed to attract over 100 Fortune 500 companies. Most of the foreign companies in Beijing are located in this area. Renting a square foot of space in this area will cost $189.39 per annum.
Although there are those who claim that the cost of Moscow’s office space has dropped over the last few months, it still managed to find itself among the top most expensive in the world. A square feet of space goes for $165.05 per annum.