Proprietary data from Instant overlaid with recent data from Cushman & Wakefield cites Hong Kong as the most expensive place to rent office space in the world. But, to rent a desk in a co-working space is almost three times cheaper in Hong Kong and almost two times less expensive in London.
Businesses Can Save Up to 73% in the World’s Major Cities
According to the data, the cost of occupying a desk in Hong Kong under a traditional lease arrangement is US$27, 432 per year. This is nearly twice the amount of any other city in Asia and more than 18% more than in London, its nearest global competitor. Instant’s proprietary data, collated from more than 20 years of flexible workspace listings, shows that in comparison, it costs just US$7, 607 per year to rent a desk in a co-working or serviced office space, saving businesses up to 73%.