Worldwide: Houston No. 47 in expensive office marketsWorldwide: Houston No. 47 in expensive office marketshttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=6352015-06-29T11:46:00Z2015-06-23T10:00:00Z

HOUSTON - Downtown Houston office market ranks No. 47 in rent/occupancy costs worldwide, the CBRE Global Price Office Occupancy Costs Survey reported. It is the highest priced office market in Texas.

Among U.S. cities, New York was at $127 per sf; San Francisco was at $114 and Downtown Houston was at $62.50.

London office buildings have the highest office rents/occupancy costs in the world, while Hong Kong is second according to a new study by CBRE Group.

Markets with the fastest growing office space occupancy costs are Dublin, Seattle and Panama City, according to CBRE Research's study.

The rankings are based on “occupancy cost” — which represents rent, plus local taxes and service charges.

Most Expensive Office Markets
Market Price per SF
1. London $267
2. Hong Kong $254
3. Beijing (Finance Street) $196
4. Beijing (Central Business District) $188
5. New Delhi $157

Read more at Realty News Report.

Realty News Report
Houston-The Woodlands-Sugar Land
http://realtynewsreport.com/2015/06/19/worlds-most-expensive-office-markets-london-no-1-hong-kong-no-2-and-houston-no-47/Read more at {Source}

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