New York’s prime office rent growth outpaced Hong Kong’s in the 12 months to September 2018, according to JLL. Photo: Alamy

New York office rents catch up to Hong Kong – but Asian city remains world’s most expensive place to set up shop

  • Analysts say rents in Central, the world’s most expensive office district, could fall next year if the US-China trade war persists
  • Office occupancy costs in Central stood at US$338 per sq ft versus US$212 per sq ft at Midtown in New York
Topic |   Hong Kong property

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New York’s prime office rent growth outpaced Hong Kong’s in the 12 months to September 2018, according to JLL. Photo: Alamy
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