Connaught Place India’s most expensive office location
According to a study conducted by property consultant Commercial Real Estate Services (CBRE), New Delhi’s Connaught Place (CP) is the 9th most expensive office location in the world with an annual rent of nearly USD 144 per sq ft. In its annual Global Prime Office Occupancy Costs survey, CBRE tracks the cost of leasing prime office space globally. At the top of the list was Hong Kong (Central) for the second consecutive year with an average price of $322 per square feet. , followed by London (West End) with an average occupancy rate of $222.7 per square feet. London’s (West End) is ranked 2nd, followed by Hong Kong (Kowloon) and New York (Midtown Manhattan). Beijing’s (Finance Street) is at the fifth position on the list. As per the report, Mumbai’s Bandra Kurla Complex (BKC) and Nariman Point-Central Business District (CBD) ranked at 27th and 40th positions, respectively.
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