Posted: Wed Jan 19, 2005 10:28 am Post subject: Cheap office space
The following article was a summary and didnt mention any other Asian countries, however:
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London's West End remains the world's most expensive office location, according to a new survey.
The rankings are based on total occupancy costs per office workstation.
London's annual cost of $19,330 (£10,382) follows a 16% rise over the past year
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The least expensive office location is said to be in Ortigas in the Philippines, with an average cost of $710 per workstation.
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Posted: Wed Jan 19, 2005 10:30 am Post subject: Re: Cheap office space
Alan Stepney wrote:
The following article was a summary and didnt mention any other Asian countries, however:
---------------------------------------
London's West End remains the world's most expensive office location, according to a new survey.
The rankings are based on total occupancy costs per office workstation.
London's annual cost of $19,330 (£10,382) follows a 16% rise over the past year
=========================
The least expensive office location is said to be in Ortigas in the Philippines, with an average cost of $710 per workstation.
===========================
It is mainly the banking / finance and insurance industries that have gathered there and use vast amounts of space.
London is a major financial centre and it makes sense for banks to be close to each other, even in these days of "distance working".
Every so often a load of new buildings will be built, accompanied by forecasts that there will never be sufficient clients to rent them.
Within a short time, they are full, and more are planned.
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