Connaught Place World's 9th Most Expensive Office Location, Bandra Kurla Complex at 19th: Report

  • | Tuesday | 4th April, 2017

Finance Street in Beijing and Kowloon in Hong Kong are placed at second and third positions, respectively.Despite its limited space, Connaught Place is still a sought out place, according to CBRE officials. The episode raised concerns about safety in the commercial centre, built during the British administration.The semiannual report provides a snapshot of prime office rents in 121 markets tracked by CBRE Research. "India's commercial real estate has continued to see positive traction in the last two years. It continues to be a preferred destination for global corporates. Delhi's Connaught Place is the world's ninth most expensive office location with an annual prime rent of Rs 6,874.85 ($ 105.71) per square feet at the end of 2016, says a new report.Mumbai's Bandra Kurla Complex (BKC) is at 19th position while Nariman Point is at 30th place in the report by the Commercial Real Estate Services(CBRE).Hong Kong Central tops the list of the world's most expensive office market with an annual prime rent of Rs 17,187 ($ 264.27) per square feet.

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