The Most Expensive City in the World for Office Space Is…

Hong Kong has the most expensive office space in the world, overtaking London’s West End thanks to a fall in the value of the pound, according to a new report from real estate services firm Cushman and Wakefield. Rounding out the top five most expensive places to accommodate staff are Tokyo, Fairfield County in Connecticut, and San Francisco.

The report notes that at $27,431 per workstation per annum, the “cost of locating 100 workers in Hong Kong is equivalent to 300 in Toronto, 500 in Madrid or 900 in Mumbai.”

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