CBRE-Connaught Place in Delhi slips to seventh in costliest office destination

connaughtplace_map_picOn a year-over-year basis, the rate of growth in prime office occupancy costs slowed, up a modest 1.4% globally in Q1 2013, compared with 2.1% in Q3 2012. The slowdown was a result of slower global economic growth as well as significant expense management and cost control, footprint consolidation, and more efficient workplace design by occupiers.

According to CBRE Prime Office Occupancy Costs survey, Connaught Place in Delhi,which was 5th costliest office destination in Q3 2012 has slipped two notches but continued to feature in the top 10 most expensive office destination in the world.

Economic Times

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