Asian office rents in state of flux

In the past year, Hong Kong office rents have increased a whopping 81.4% while Tokyo rents have fallen 7.1%.

A good indication of the how an economy is faring and if companies are booming is the amount of activity in the office market scene. The results of a Cushman Wakefield report on 'grade A' office market rents from around the world offer an interesting snapshot.  

Whilst Tokyo companies pay the highest rent for office space at $119.17 per square foot, this figure has declined 7.1% from a year ago.

Meanwhile, in Shanghai, office space rent is at $24.17, one of the lowest of the 13 cities surveyed. Yet that figure represents an increase of 27.5% from a year ago for the up-and-coming Chinese city.

Other Asian cities where office rents are on the...

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