A good indication of the how an economy is faring and if companies are booming is the amount of activity in the office market scene. The results of a Cushman Wakefield report on 'grade A' office market rents from around the world offer an interesting snapshot.
Whilst Tokyo companies pay the highest rent for office space at $119.17 per square foot, this figure has declined 7.1% from a year ago.
Meanwhile, in Shanghai, office space rent is at $24.17, one of the lowest of the 13 cities surveyed. Yet that figure represents an increase of 27.5% from a year ago for the up-and-coming Chinese city.
Other Asian cities where office rents are on the...
