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Most expensive office areas

  • 12. Lujiazui, Shanghai (US$87 per sq. ft. per year). Lujiazui was transformed from empty grassland to a bustling financial district in just 20 years and is now Shanghai’s largest CBD, home to 650 Chinese and international financial institutions
    1/10

    Lujiazui

    12. Lujiazui, Shanghai (US$87 per sq. ft. per year). Lujiazui was transformed from empty grassland to a bustling financial district in just 20 years and is now Shanghai’s largest CBD, home to 650 Chinese and international financial institutions
  • 11. Uraniastrasse and Paradeplatz area, Zurich (US$91 per sq. ft. per year). Uraniastrasse and the area round the Paradeplatz in the core CBD of Zurich feature excellent accessibility and amenities, with office space heavily dominated by the banking sector and private wealth management.
    2/10

    Uraniastrasse and Paradeplatz area, Zurich

    11. Uraniastrasse and Paradeplatz area, Zurich (US$91 per sq. ft. per year). Uraniastrasse and the area round the Paradeplatz in the core CBD of Zurich feature excellent accessibility and amenities, with office space heavily dominated by the banking sector and private wealth management.
  • 10. Marunouchi, Tokyo (US$98 per sq. ft. per year). Marunouchi, located on the west side of Tokyo Station, is a long-established office precinct where the lower floors of buildings typically house luxury retail, and higher floors are office space.
    3/10

    Marunouchi, Tokyo

    10. Marunouchi, Tokyo (US$98 per sq. ft. per year). Marunouchi, located on the west side of Tokyo Station, is a long-established office precinct where the lower floors of buildings typically house luxury retail, and higher floors are office space.
  • 9. Golden Triangle, Champs Elysées, Paris (US$99 per sq. ft. per year). The center of Paris’s tourism and retailing is also an office hub for high-value-add businesses including international law firms and banks, and corporate tenants seeking accessible, high-quality buildings in close proximity to clients.
    4/10

    Golden Triangle, Champs Elysées, Paris

    9. Golden Triangle, Champs Elysées, Paris (US$99 per sq. ft. per year). The center of Paris’s tourism and retailing is also an office hub for high-value-add businesses including international law firms and banks, and corporate tenants seeking accessible, high-quality buildings in close proximity to clients.
    Reuters
  • 8. Raffles Place/Marina Bay, Singapore (US$103 per sq. ft. per year). The heart of Singapore’s financial district is served by a world-class subway system and is a vibrant environment for work, living and play.
    5/10

    Raffles Place, Singapore

    8. Raffles Place/Marina Bay, Singapore (US$103 per sq. ft. per year). The heart of Singapore’s financial district is served by a world-class subway system and is a vibrant environment for work, living and play.
  • 7. Fifth Avenue, Manhattan (US$104 per sq. ft. per year). Consistently ranked among the most expensive shopping streets in the world, Fifth Avenue is also home to numerous hedge funds looking for top-quality space in Midtown.
    6/10

    Fifth Avenue, Manhattan

    7. Fifth Avenue, Manhattan (US$104 per sq. ft. per year). Consistently ranked among the most expensive shopping streets in the world, Fifth Avenue is also home to numerous hedge funds looking for top-quality space in Midtown.
    REUTERS
  • 6. Kremlin area, Moscow US$107 per sq. ft. per year Office space in Moscow’s Kremlin area is popular with Russian and international finance and legal tenants. New construction is tightly restricted, and that has helped further boost the value of office space in the area.
    7/10

    Kremlin area, Moscow

    6. Kremlin area, Moscow US$107 per sq. ft. per year Office space in Moscow’s Kremlin area is popular with Russian and international finance and legal tenants. New construction is tightly restricted, and that has helped further boost the value of office space in the area.
  • 5. Menlo Park, Silicon Valley, California (US$111 per sq. ft. per year). The epicenter of the technology universe, Sand Hill Road in Menlo Park is home to many venture capitalists.
    8/10

    Menlo Park, Silicon Valley, California

    5. Menlo Park, Silicon Valley, California (US$111 per sq. ft. per year). The epicenter of the technology universe, Sand Hill Road in Menlo Park is home to many venture capitalists.
    Getty Images
  • 4. Rue du Rhône, Geneva (US$116 per sq. ft. per year). Rue du Rhône is Geneva’s prime location for private wealth management, banking and luxury retail brands.
    9/10

    Rue du Rhône, Geneva

    4. Rue du Rhône, Geneva (US$116 per sq. ft. per year). Rue du Rhône is Geneva’s prime location for private wealth management, banking and luxury retail brands.
  • 3. Finance Street, Beijing (US$137 per sq. ft. per year). A Beijing submarket planned specifically for highest-tier financial institutions and major state-owned enterprises, Finance Street also attracts global investment banks and insurance companies.
    10/10

    Finance Street, Beijing

    3. Finance Street, Beijing (US$137 per sq. ft. per year). A Beijing submarket planned specifically for highest-tier financial institutions and major state-owned enterprises, Finance Street also attracts global investment banks and insurance companies.
    REUTERS
12. Lujiazui, Shanghai (US$87 per sq. ft. per year). Lujiazui was transformed from empty grassland to a bustling financial district in just 20 years and is now Shanghai’s largest CBD, home to 650 Chinese and international financial institutions
11. Uraniastrasse and Paradeplatz area, Zurich (US$91 per sq. ft. per year). Uraniastrasse and the area round the Paradeplatz in the core CBD of Zurich feature excellent accessibility and amenities, with office space heavily dominated by the banking sector and private wealth management.
10. Marunouchi, Tokyo (US$98 per sq. ft. per year). Marunouchi, located on the west side of Tokyo Station, is a long-established office precinct where the lower floors of buildings typically house luxury retail, and higher floors are office space.
9. Golden Triangle, Champs Elysées, Paris (US$99 per sq. ft. per year). The center of Paris’s tourism and retailing is also an office hub for high-value-add businesses including international law firms and banks, and corporate tenants seeking accessible, high-quality buildings in close proximity to clients.
8. Raffles Place/Marina Bay, Singapore (US$103 per sq. ft. per year). The heart of Singapore’s financial district is served by a world-class subway system and is a vibrant environment for work, living and play.
7. Fifth Avenue, Manhattan (US$104 per sq. ft. per year). Consistently ranked among the most expensive shopping streets in the world, Fifth Avenue is also home to numerous hedge funds looking for top-quality space in Midtown.
6. Kremlin area, Moscow US$107 per sq. ft. per year Office space in Moscow’s Kremlin area is popular with Russian and international finance and legal tenants. New construction is tightly restricted, and that has helped further boost the value of office space in the area.
5. Menlo Park, Silicon Valley, California (US$111 per sq. ft. per year). The epicenter of the technology universe, Sand Hill Road in Menlo Park is home to many venture capitalists.
4. Rue du Rhône, Geneva (US$116 per sq. ft. per year). Rue du Rhône is Geneva’s prime location for private wealth management, banking and luxury retail brands.
3. Finance Street, Beijing (US$137 per sq. ft. per year). A Beijing submarket planned specifically for highest-tier financial institutions and major state-owned enterprises, Finance Street also attracts global investment banks and insurance companies.
Updated

Strong demand from niche financial and technology sectors is driving up the cost of office space in many cities around the globe, said Jones Lang LaSalle on Thursday as it released a new list of the “World’s Most Expensive Office Areas”. The real estate services firm said the 12 premier office districts have been the biggest beneficiaries of the trend, witnessing higher competition by companies for space and driving rent prices to new highs.