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Despite a 17% fall in office rents, Moscow isthe 2nd most expensive location for total occupancy costs in EMEA
TOP 5 MOST EXPENSIVE OFFICE
$264 $184
LOCATIONS BY COUNTRY (USD/sq.ft/yr)
London Hong Kong New York
$131New Delhi
$120Rio de Janeiro
$129
BOGOTA: A BURGEONING MARKET
WHERE ARE THE TOP 10 MOST EXPENSIVE LOCATIONS LOCATED?
Biggest growth market in the Americas
4.7%anticipated GDP growth in 2014
26.2%office occupancy cost
growth in 2014 (2nd strongest in the world)
MOSCOW
2ndmost expensive
MOST EXPENSIVE LOCATION
OFFICE TAKE-UP
ASIA’S BIGGEST GROWTH MARKET
Office take-up in New York, the highest levelin more than 15 years
Manila is Asia Pacific's biggest growth market in 2014
GLOBAL OCCUPANCY GROWTH
Dublin saw thebiggest global occupancy cost growth in 2014, rising 6 places in the global ranking.
26.5%
5 3 2Asia
Pacific EMEA Americas
FULLY OCCUPIED
million sq.ft32.8
Limited development and high demand from IT and tech occupiers
13.1Manila Growth Market
%
A Cushman & Wake� eld Research Publication
OFFICE SPACE ACROSS THE WORLD
2015