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) [...]

Holy Moscow! Check Out Those Rents!

The WSJ is reporting in their commercial real estate section today on office space in Moscow. The numbers are staggering compared with almost anything we have in the US. The average cost of “prime” space in Moscow is $223 psf per year, up 92% from the first quarter of last year when the average was [...]