The World’s Most Expensive Retail & Office Space–CBRE Study

Hong Kong boasts the most expensive shopping and office space in the world, according to a report by CBRE (photo by Xopherlance on flickr)

CBRE released a study today, showing that top tier retail areas in New York have held value, with Fifth Avenue’s rents increasing significantly. The new study lists the top shopping destinations on the planet, as well as the most valuable office space markets, and Hong Kong tops both categories.

“In simplest terms, globally the retail Read More

Mortgage Beat

Prudential Mortgage Capital Co. Kicks Off European Arm with $108M Loan

Photo courtesy Getty Images.

Newark, N.J.-based Prudential Mortgage Capital Company’s European business arm has completed its first piece of financing since launching in January 2012. The company said Monday that it had provided a $108 million commercial real estate loan secured by a portfolio of four Central London office properties and grocery-anchored retail in the town of Bath, which is just over 100 miles west of London. Read More

office space

Has the World Passed Us By? London Claims Priciest Offices Again As Midtown Falls From Top 25

The ranking of the five most expensive markets for office space—London, Hong Kong, Tokyo, Mumbai and Moscow—remained unchanged over the last year, according to CB Richard Ellis’ semi-annual survey. Office occupancy costs are down 1.3 percent year-over-year in the 175 biggest markets.

The most expensive office market in the world remain’s London’s West End, where Read More