RS Brief news Moscow yields to Hong Kong

Moscow yields to Hong Kong

Moscow City Business Center

According to CBRE’s Prime Office Occupancy Costs survey, Moscow is among the Top Ten Most Expensive Markets again, ranking as the world’s eighth-most expensive market. Having compared office prices in European countries, the survey authors found out that Moscow fell behind only London’s West End ranking. In the Russian capital city, annual occupancy cost is about USD 1,860 per square meter or USD 172.82 per square foot on average. In London’s West End, office lessees pay USD 219.81 per square foot on average. However, Hong Kong Central led the “most expensive” list with average annual occupancy costs of USD 246.30 per square foot. RS