There is a Good news for our capital city as New Delhi's Connaught Place has achieved tenth ranking in the most expensive office market in the world. The news is revealed by the CBRE South Asia's Global Prime Office Rents survey.
Hailed as the 'financial and corporate hub' of the national capital, the Connaught Place secured the tenth spot, with an average prime rent of around USD 110.85 per square feet, as reported by The Real Deal.
The financial and corporate hub which is popularly known as 'CP' the area is known for the elite Victorian architecture, sprawling in fracture and also has the headquarters of several noted Indian firms.
In the survey, two of Hong Kong's markets are featured in the top three in the list.
Hong Kong's Central Market boasts off a whopping average prime rent of USD 269.26 per square feet, while Beijing's Finance Street ranks second with an average prime rent of USD 174.07 per square feet, and Hong Kong's West Kowloon ranks third with an average prime rent of USD 163.57 per square feet.
"New York's Midtown South recorded double-digit, year-over-year growth, and Downtown Manhattan and Seattle (Downtown) also placed among the 10 markets with the fastest growing prime office rents," the report noted.
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