London’s West End remains the world’s most expensive office market with an occupancy cost of EUR 1457.59 per m[sup]2[/sup] per annum (£120.50/$182.94), according to CB Richard Ellis' semi-annual Global Office Rents survey. Hong Kong’s Central Business District (CBD) has risen to second place pushing Tokyo’s Inner Central to third place. Mumbai is now in fourth position on the list while Moscow remains in fifth in the CBRE rankings, which tracks occupancy costs for prime office space in 176 cities around the globe.
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