The 25 most expensive places on earth to set up shop
How much space can $100 million buy you?
London-based real estate firm Knight Frank has decided to find out. In the firm’s new “2018 Global Cities” report, the agency wanted to figure out which cities around the world are most expensive to purchase office space.
Hong Kong came in at No. 1, where $100 million buys you just 11,698 square feet of space — which means that a mere eight-by-eight foot cubicle will cost you a jaw-dropping $547,102. Despite the staggering cost, that price tag shouldn’t be entirely surprising — property prices in the city recently surpassed their former all-time high by 40%, and Hong Kong remains one of the world’s priciest real estate markets (often, for meager amounts of space, too).
The no. 2 most expensive city for buying office space is Tokyo, Japan — where $100 million gets you just 31,282 square feet. That’s slightly more than the area of 11 tennis courts. In the third city on the list — Paris, France — you’ll get 36,662 square feet of office space for your $100 million.
The rest of the list reads like a who’s-who of the world’s top cities for the financial elite: Zurich, Switzerland, comes in at no. 4; London, UK, is no. 5; and Singapore, is no. 6.
The U.S. has seven cities within the top 25. New York comes in at no. 7 on the list — there, $100 million can buy you an average of 56,534 square feet of office space. San Francisco follows right behind it, where you can snag 62,543 square feet, and the US capital of Washington, D.C. ranks at no. 19 on the list, where you can spread out with a far more luxurious 135,602 square foot of office space.
Here are the top 25 most expensive cities worldwide to purchase office space, per Knight Frank, and the number of square feet of office space $100 million can get you:
- Hong Kong, SAR, China — 11,698
- Tokyo, Japan — 31,282
- Paris, France — 36,662
- Zurich, Switzerland — 43,754
- London, UK — 43,889
- Singapore — 48,389
- New York, NY, USA — 56,534
- San Francisco, CA, USA — 62,543
- Dublin, Ireland — 65,717
- Frankfurt, Germany — 75,632
- Sydney, Australia — 76,280
- Berlin, Germany — 85,170
- Amsterdam, Netherlands — 96,762
- Beijing, China — 99,563
- Madrid, Spain — 105,730
- Shanghai, China — 115,657
- Los Angeles, CA, USA — 131,857
- Boston, MA, USA — 134,977
- Washington, D.C., USA — 135,602
- Melbourne, Australia — 136,905
- Seoul, South Korea — 140,608
- Miami, FL, USA — 156,073
- New Delhi, India — 156,304
- Brisbane, Australia — 157,225
- Seattle, WA, USA — 157,381
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