The world's 10 most' expensive office markets

Fall in prime office occupancy costs:

While Mumbai dropped one more place to 7th position and Delhi moved up from 12th to 10th position. London (West End) reclaimed its position as the world's most expensive office market according to CB Richard Ellis Group's Global Office Rents survey.

Office markets worldwide are experiencing a fall in prime office occupancy costs. The year-over-year change in prime office occupancy costs of the 179 markets monitored revealed an average drop of 7.7 per cent worldwide over the 12-month period ending September 30, 2009.

The majority of markets - 131 markets in total - experienced a year-over-year decline including nearly 50 which saw rents tumble by double-digit percentage-points.

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World's 10 priciest Office markets

1. London (West End): $184.85 per square

ft per annum (psf)

2. Tokyo (Inner Central): $172.00 psf

3. Tokyo (Outer Central): $ 139.09 psf

4. Hong Kong: $137.61 psf

5. Moscow: $132.00 psf

6. Paris: $122.51 psf

7. Mumbai: $121.11 psf

8. Dubai: $108.91 psf

9. London (City) $108.83 psf

10. New Delhi: $88.92 psf

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