Bangkok cheapest office location in Asia; Hong Kong most expensive
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Bangkok was the cheapest city for office rents in Asia this year, while Hong Kong was the most expensive, an international property consulting company said Monday.
Out of 127 cities surveyed worldwide by the CBRE Global Research and Consulting's semi-annual prime office occupancy costs survey, Bangkok ranked 115th, the cheapest in the Asia-Pacific region.
Cental Hong Kong had the region's and world's highest office rents for the third year in a row, at the average rate of 235.23 dollars per square metre per month, said the survey, based on rental rates in the first quarter of 2013.
Office rents in Bangkok's central business district in the first quarter of this year actually rose 5.3 per cent year-on-year, to about 28 dollars per square metre per month, but the increase has lagged behind price hikes seen in other Asian capitals.//DPA
