Connaught Place among World’s Expensive Office Locations

Real estate consultancy CBRE included New Delhi’s Connaught Place among world’s most expensive prime office market places.

According to a report by CBRE, Connaught Place is even ahead of Shanghai, Tokyo and Manhattan in New York with a rent rate of $160 per sq ft per annum.

As per the list the central business district of Connaught Place in New Delhi has emerged as the sixth most expensive prime office market in the world. Rising economic activities around that place helped it to be a preferred office destination.

The list of 50 most expensive office spaces across the world also had three Indian localities, two in Mumbai and one in Delhi.

Bandra Kurla Complex in Mumbai is the 16th most expensive office location with an annual per sq ft rental of $103, followed by Nariman Point at $76.5 per sq ft per annum.

Asia continued to dominate the world’s most expensive office locations, accounting for three of the top five markets.