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Mumbai is world's 6th most costly office location.

According to the survey conducted by global realty consultant Cushman & Wakefield, Mumbai slipped by one place to sixth in the list of the world's most expensive office locations in 2011, which was topped by Hong Kong, while London and Tokyo came second and third in the rankings, which valued Mumbai's office occupancy cost at USD 114 per square foot a year.

New York, which was a place below Mumbai in the 2010 list, moved up by a single notch to fifth place this year with an annual occupancy cost of USD 115 per square foot, C&W said. Hong Kong topped the list of the world's 10-most expensive office locations this year with an average rental of USD 241 per sq foot every year. It jumped up two places in the list from third position last year.

In India, Bangalore witnessed the highest rental growth of 12.68 per cent in 2010, followed by Pune (9.09 per cent), vis-a-vis the previous year.

Via: [CNN-IBN]

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