The Most Expensive Office Markets in the World Have Been Revealed.
Hong Kong retains its title as the world's most expensive market. houses for sale Despite the fact that rents are expected to decrease in 2019, Hong Kong will maintain its status as the world's most expensive office market, according to Knight Frank's latest Global Outlook Report. In a tale of two halves, while Hong Kong Island rentals benefit from limited supply, they will face increasing competition from lower-cost areas such as Kowloon. Despite this, Hong Kong Island rents would remain nearly 24% higher than the long-term average. The cities with the highest rental increases in 2019 will be Melbourne and Sydney, with rents increasing by 10.1 percent and 8.6 percent, respectively. Owing to job growth and relatively low levels of construction completions in recent years, both cities are experiencing a shortage of office space. In both cities, prime rents have risen steadily in the last year, increasing by 13% in Sydney and 6% in Melbourne. Although ...