London's West End emerged as the world's most expensive office market with an annual occupancy cost of USD 262 per sq ft, regaining its position from Hong Kong's Central Business District (CBD) in a gap of five years.
Zona Sul in Rio de Janerio (Brazil) has jumped to third position from 8th in 2011 ranking, while the CBDs of Tokyo (Japan), Moscow (Russia) and Beijing (China) are at fifth, sixth and seventh positions.
New York's Mid Town ranks eighth, and CBDs of Sydney (Australia) and Paris (France) are at 9th an 10th positions.
“New Delhi, Connaught Place, which emerged as the 4th most expensive office space in the world, registered a growth of approximately 25 per cent in rental values over the last year, to charge Rs 403 per sq ft per month,” C&W said.
