Top 10 Most Expensive Office Markets

CBRE has put out a report on global office rents. Not surprisingly, rents are falling in almost every major market, with significant cuts in some of the markets that had skyrocketed the most (e.g. Russia). The top 10 most expensive office markets are below. Rents are in USD/SF/Year.

London (West End) – $185 psf
Tokyo (Inner Central) [...]

Dubai World Strategically Defaults

The Chairman of the “Supreme Fiscal Committee” has indicated that the default of Dubai World was carefully planned. This really is not surprising. As somebody who was in Dubai last year, and saw the hundreds of hollow buildings and the construction up close, it really is not surprising that the party has come to an [...]

“The Tower Wobbles” – On Top Of Burj Dubai

On top of the Burj Dubai, the tallest building in the world. To see the tower in perspective, you can see some pictures of the tower I took last year in Dubai.

Square Feet Lives On; Pictures from Dubai

While I was out of the country for the past two weeks I received a bunch of emails from readers who were trying to find out why the blog had abandoned them. For those of you with abandonment issues (kidding, of course), please rest assured it was nothing more than a vacation.
For the rest of [...]

Rotating Skyscraper: Financing Provided by Bank of Hummer

 
In another sign that rampant drug-use is becoming an epidemic amongst architects working in Dubai, Dr. Fisher is proposing a rotating skyscraper in Dubai, and another in Moscow, and eventually one in New York City. This building will supposedly have its floors pre-fabbed in Italy, and assembled on-site in Dubai. Estimated selling prices are about [...]