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Business - September 30, 2017
The 29 most expensive tech districts in the world
[dropcap]T[/dropcap]he most expensive tech district: Knight Frank’s new report unseats San Francisco from its previously undisputed title. (heyengel/Shutterstock)
Knight Frank’s new report unseats San Francisco from its previously undisputed title as the most expensive tech district.
Now, there are rivals all over the world following a global trend of trying to retain and attract talent by providing the best possible office environment.
“This direct association between workplace and talent has forced businesses to prioritise working environment over
and above a general desire to keeping costs low,” said Knight Frank partner James Nicholson in a statement to Business Insider.
Here are the 29 most expensive tech hubs worldwide based on the price of office space per square foot.
29 Bengaluru — Whitefield: $9.65
28 Kuala Lumpur — Cyberjaya Office Market: $11.55
27 Madrid — Julian Camarillo area: $13.65
26 Seoul — Guro-gu: $14.65
25 Delhi — Gurgaon (Cyber City): $20.40
(Shutterstock Richie Chan)
24 Mexico City — Santa Fe: $27.30
23 Shanghai — Zhangjiang Hi-Tech Park: $27.50
22 Melbourne — Richmond: $32.05
21 Sydney — Pyrmont: $33.80
20 Amsterdam — City Centre: $34.45
19 Chicago — Fulton Market District: $35.00
18 Miami — Coconut Grove: $35.00
17 Hong Kong — Cyberport, Pokfulam: $36.90
(Flickr /Loïc Lagarde)
16 Toronto — King & Spadina: $39.90
15 Berlin — Potzdamer Platz: $40.70
14 Singapore — One North: $41.45
13 Dubai — Dubai Media City: $43.55
12 Seattle — South Lake Union: $44.00
11 Austin — The Domain: $44.50
10 Washington D.C — NoMa (North of Massachusetts Avenue): $51.25