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Wednesday, April 01, 2009

Paris ranks no.7 among the world’s most expensive cities

Property consultants Cushman & Wakefield have published their annual report comparing office occupancy costs in 202 cities across 57 countries worldwide. Hong Kong and Tokyo are now the world’s two most expensive locations (with costs of €1,743/m²/year and €1,649/m²/year respectively), ahead of London which drops down two places (with rental costs of €1,403/m²/year).
Paris has held up well, falling just one place between 2008 and 2009 and ranking 7th overall (compared with 6th place in 2008). With occupancy costs of €994/m²/year, Paris remains highly competitive. Close on the heels of the central business districts of Mumbai, Dubai and Moscow, the French capital’s own business district, the Quartier Central des Affaires (QCA), is still extremely attractive in the global marketplace for prestigious office locations.

Olivier ABESSOLO - Paris Region development Agency

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