Central office rents recorded the world's second most expensive

Hong Kong's Wen Wei Po (Reporter So Hung Chung)The scarcity of land in Hong Kong, it has high property rentals former global forefront.CBRE Group released survey yesterday showed that the core area of the Hong Kong office rents up to HKD $163 per square foot per month,only after the rents in London. West Kowloon into the world's top ten According to CBRE Group survey tracking 126 markets worldwide rent main office and announced that the latest 'Global main office occupancy costs survey' to show in the third quarter last year, the world's most expensive office market in London's West,up to HKD $178 per month sq.ft Rent,while Central, Hong Kong HKD $163 places second place.As for third to fifth places belong to Beijing Financial Street, Beijing's central business district and Moscow. Similarly, Hong Kong's West Kowloon also into the column of the world's top ten. CBRE Group executive director of the Hong Kong Retail Services Kan Yu Dak refers Central office rental market generally stable last year,mainly due to Chinese tenants are willing to pay higher rents for prime office rent small units. 'With the Hong Kong and Shanghai through the implementation of the 2015 leasing demand will increase,especially from financial tenants. Rent was expected to be remained broadly stable,Central high quality commercial buildings are expected to have a higher increases.' America with the largest rent increase The report shows that the world's major office rents grew by 2.5%,of which Americas (4.1 percent) and Asia Pacific (2.8%) with the largest increase.The group refers to the main office rents changes reflected the global economy have slowed down but with varying degrees of recovery. The group also found that in the world's 50 most expensive markets,20 in Asia Pacific,20 in Europe,Middle East and Africa,another 10 in the Americas. There are 20 markets in Asia Pacific place among the 50 former,of which 7 of them are located in top-ten.Leasing activity in the region, largely dependent on local businesses and technology, media and communications company tenants.

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