Hong Kong office tenants pay the second-highest costs in the world for prime space, behind only tenants in London’s West End, according to research by property consultancy Savills.
Office space in Hong Kong cost an estimated US$228 per square foot per year including rent and fit-out costs, according to the study, which tracked prime offices in 40 markets around the world in the first quarter. The cost of office space in Hong Kong declined 1.1 per cent compared with the fourth quarter, Savills said on Wednesday.
