SEARCH

Hong Kong leads the world’s skyscraper office rents​, says ​​new Knight Frank report​

by Suzanne Miao on Apr 23, 2015 in Architecture
Share on FacebookTweet about this on TwitterShare on Google+Share on Sina WeiboShare on Tencent WeiboEmail this to someone
Hong Kong boasts the world’s highest skyscraper office rents, according to a newly-released Knight Frank report (Photo by Suzanne Miao)

Hong Kong boasts the world’s highest skyscraper office rents, according to a newly-released Knight Frank report (Photo by Suzanne Miao)

The newly-released Skyscraper 2015 Report by Knight Frank, which looks at the prime office rents of 18 markets across the globe, puts Hong Kong right at the top of the pile

Hong Kong boasts the world's highest skyscraper office rents​ ​at USD 250.50 per sq​-ft​, with its​ large lead in rents reflect​ing​ a low​ vacancy rate and constrained CBD area. In 2009, there were a total of 19 skyscrapers in the world with heights of over 1,000 ft. Today, there are 79 of them — 40 per cent of which are in China, 28 per cent in the United Arab Emirates.

Hong Kong is known for her high-rise architecture (Photo by Suzanne Miao)

Hong Kong is known for her high-rise architecture (Photo by Suzanne Miao)

Skyscrapers are a rising tide in the modern global city. London has added 23 new skyscrapers (a building over 350 ft high) since the turn of the millennium, compared to 17 in the preceding 40 years. New York added four new towers in 2014 alone, including the iconic One World Trade Center — this sounds impressive until you consider that Dubai has built nearly 190 skyscrapers since 2000, and Shanghai more than 90.

A view of the CBD area in Hong Kong (Photo by Suzanne Miao)

A view of the CBD area in Hong Kong (Photo by Suzanne Miao)

"The expansion upwards in the major Chinese cities has been a remarkable phenomenon over the past decade,” says Nicholas Holt, head of research for Asia-Pacific at Knight Frank. “The fact that 40 per cent of skyscrapers in the world with heights over 1,000 ft are in China underlines the growing importance of the country's economy on the world stage."

Download Knight Frank’s report at http://www.knightfrank.com/resources/global-cities/global-cities-pdf/knight-frank-global-cities-skyscrapers-2015-report.pdf

, , , , ,

Recent Posts

  • IMG_0526

    FOAID


    India's Festival of Architecture and Interior Designing (FOAID) has entered its 5th year

    Posted on Dec 4, 2018
    View
  • Fine_test3

    Plans for the future


    Hong Kong architectural designer Barrie Ho reflects on 20 years of pushing the boundaries – and looks to the next 20

    Posted on Dec 4, 2018
    View
  • MahaNakhon by Buro Ole Scheeren © Buro-OS_13 Photo by Wison Tungthunya

    Pixels


    Büro Ole Scheeren’s MahaNakhon Tower in Bangkok, Thailand's tallest building finally marks its completion

    Posted on Nov 26, 2018
    View
  • 17_BIG_DONG_Dortheavej_Image20by20Rasmus20Hjortshoj

    Homes for all


    Bjarke Ingels Group has designed and completed a social-housing project, Dortheavej in Copenhagen

    Posted on Nov 26, 2018
    View
Top