Delhi: ‘Connaught Place’ world’s 9th most expensive office area

  • | Wednesday | 10th July, 2019

New Delhi: The Connaught Place area of the national capital retained its tag of the ninth most expensive office space during the January-March period of 2019 with an average occupancy cost of $143.97 (Rs 9,800) per square feet, a CBRE report said on Wednesday. At the top of the list was Hong Kong (Central) for the second consecutive year with an average price of $322 per square feet, followed by London (West End) with an average occupancy rate of $222.7 per square feet. Hong Kong’s Kowloon area achieved the third spot ($208.67 per square feet). In the fourth and the fifth positions of the list were New York’s Midtown Manhattan area ($196.89) and Beijing’s Finance Street ($187.77), respectively. In the given position, the current annual prime rent of BKC is valued at $90.67 (Rs 6,213.39) per square feet and the Nariman Point-CBD is valued at $68.38 (Rs 4,685.91) per square feet.

Read Full Article Here

If You Like This Story, Support NYOOOZ



Your support to NYOOOZ will help us to continue create and publish news for and from smaller cities, which also need equal voice as much as citizens living in bigger cities have through mainstream media organizations.

Stay updated with all the Delhi Latest News headlines here. For more exclusive & live news updates from all around India, stay connected with NYOOOZ.

Related Articles