25 Oct '13, 5am

Singapore CBD office rents 8th most expensive globally: Office space in ... property market

Oct 25, 2013 - PropertyGuru.com.sg Comment E-mail to friend Bookmark & Share Office space in Singapore’s central business district is listed as the 8th most expensive in the world, with rents almost similar to that of Fifth Avenue in New York, one of the world’s most expensive shopping streets, a report from Jones Lang LaSalle revealed. Renting an office space in Raffles Place and Marina Bay costs US$103 psf (S$127) per year, or close to rents in midtown Manhattan at US$104 psf (S$128) per year. The St James district in London’s West End, home to world-leading hedge and sovereign wealth funds as well as niche wealth managers, topped the list at US$194 psf (S$240) per year. This was followed by Central, Hong Kong and Finance Street, Beijing at US$162 psf (S$200) and US$137 psf (S$169) per year respectively. Rue du Rhone, Geneva clinched 4th spot while Silicon Valley, Califo...

Full article: http://www.propertyguru.com.sg/property-management-news/2...

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