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Top 10 Cities With The World's Most Expensive High-Rise Office Spaces

Hong Kong has the priciest commercial upper-storey floor space in the world, according to a new index from Knight Frank.

By Gulf Business | Insights | Published: 12th March 2014 at 19:43

The prime capital value of commercial skyscraper space in Dubai is estimated at $6,896 per sqm, the highest in the Middle East, according to Knight Frank's new Skyscraper Index, which measures the most ?expensive high-rise office spaces in the world.

However, the emirate ranks 16th on the index, much below other Asian, European and American cities.

Asian towers dominate the index, with Hong Kong, which has the largest number of skyscrapers in the world, topping the list.

"Skyscrapers continue to capture our imagination. New buildings dominate newspaper headlines, and those with viewing galleries become popular tourist attractions," said James Roberts, head of Commercial Research at Knight Frank.

"While Hong Kong and Tokyo are too far ahead to lose first and second place, I see some competition amongst Manhattan, London and Singapore in the coming year," he added.

The only other Middle Eastern city to feature in the index was Abu Dhabi in the 18th position, with high-rise office space costing roughly $6,251 per sqm in the UAE capital.

TOP 10 PRICIEST HIGH-RISE OFFICE SPACES IN THE WORLD

1. Hong Kong

HONG KONG-HARBOUR-LASERS

Prime capital value (per sqm): $69,222

Region: Asia Pacific

2. Tokyo

BX140_77FE_9

Prime capital value (per sqm): $42,283

Region: Asia Pacific

3. New York (Manhattan)

New York

Prime capital value (per sqm): $25,740

Region: North America

4. Singapore

Singapore

Prime capital value (per sqm): $23,810

Region: Asia Pacific

5. London (city)

Views Over The City Of London

Prime capital value (per sqm): $23,767

Region: Europe

6. Sydney

Sydney

Prime capital value (per sqm): $18,392

Region: Asia Pacific

7. Beijing

186543740

Prime capital value (per sqm): $17,650

Region: Asia Pacific

8. Shanghai

117150238

Prime capital value (per sqm): $17,547

Region: Asia Pacific

9. San Francisco

San francisco

Prime capital value (per sqm): $15,107

Region: North America

10. Moscow

Moscow

Prime capital value (per sqm): $13,333

Region: Europe

Pictures courtesy: Bloomberg, Getty Images

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