Warsaw drops in most expensive office locations ranking

Warsaw has dropped to 71st most expensive office location at the end Q3 2014, down from 60th place recorded in Q1 2014. The most expensive offices in the Polish capital cost €35 per sqm per month, according to a report published by CBRE. London West End remained the most expensive office location in the world, with costs at €194.29 per sqm per month, followed by Hong Kong’s city center (€177.92), Beijing’s financial district (€140.42), Beijing’s CBD (€134.5) and Moscow at €122.71 per sqm per month. Globally, the costs of leasing an office in the best locations (in 127 cities examined) increased by 2.5 percent over the past 12 months, with the highest growth recorded in the Americas (of up to 4.1 percent, and Asia and Pacific (2.8 percent). In the EMEA region, office costs went down by 0.3 percent compared to 2013.