Office Rent Prices in Abu Dhabi rises, New Delhi and Sofia joins as well.
Abu Dhabi office rent rates has doubled during the last few months. Abu Dhabi, New Delhi and Sofia have seen the most steady rise in office rents in the world.
Researchers reported that London and Tokyo still has the most expensive office locations in the world. The West End, located in London averages around $241/Sq.Ft. for exclusive office locations.
New Delhi made it to the top ten as well, toppling Mumbai due to sustained boom in information technology operations and BPO operations. Despite these developments, the fastest growing office rent are reportedly won by Abu Dhabi, with rents doubling during the same period in both New Delhi and Sofia.
Sofia in Bulgaria ranked third, with an astonishing 63 percent increase in rent prices.
The survey was done by international human resources consultancy ECA among real estate agents, overseas foreign workers and relocation companies, taking into account three bedroom unfurnished apartments as a base, which were commonly rented by expatriates.
Housing rental rates in Dubai and Doha also doubled the past few years, with an increase 100 and 130 percent, respectively.