The Cities With The Highest Rents For Prime Office Space

If you want to do business in Hong Kong, your company will have to pay a lot of money for an office there. According to Knight Frank's Skyscraper Index, Hong Kong is the most expensive city in the world for office space. The annual rent for a square foot of office space in one of the city's high-rise buildings comes to $255.50. In New York, the cost would be over $100 less - at least $153.

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This chart shows the annual average cost to rent a square foot of prime office space in 2015.

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Annual net effective cost for prime office space in selected markets worldwide in 4th quarter 2025 (in U.S. dollars per square foot)
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Annual rent per square foot of premium office space in selected cities worldwide as of April 2017 (in U.S. dollars)
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Cost of office space in selected major cities in the United States in 2017 (in U.S. dollars per square foot)
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Annual occupancy cost of prime office real estate per square foot in the Asia-Pacific region in 1st quarter 2025, by city (in U.S dollars)
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Average annual quoted rent per square foot in selected office markets in the United States in 2nd quarter 2025, by market (in U.S. dollars)
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Monthly average rent of grade A office space in Hong Kong from 1st quarter 2018 to 4th quarter 2024, by district (in Hong Kong dollars per square meter)

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