The 29 most expensive tech districts in the world

And, no, San Francisco is no longer number one

TRD New York TRD WEEKEND EDITION /
Sep.September 30, 2017 03:50 PM

A new report unseats San Francisco from its previously undisputed title as the most expensive tech district. (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

(VR Bengaluru)

28 Kuala Lumpur — Cyberjaya Office Market: $11.55

(Flickr/i.gunawan)

27 Madrid — Julian Camarillo area: $13.65

(gnoparus/Shutterstock)

26 Seoul — Guro-gu: $14.65

(Shutterstock /DiegoMariottini)

25 Delhi — Gurgaon (Cyber City): $20.40

(Shutterstock Richie Chan)

24 Mexico City — Santa Fe: $27.30

(Yunus Üstünol)

23 Shanghai — Zhangjiang Hi-Tech Park: $27.50

(Unsplash/Hanny Naibaho)

22 Melbourne — Richmond: $32.05

(TkKurikawa /iStock)

21 Sydney — Pyrmont: $33.80

(Shutterstock)

20 Amsterdam — City Centre: $34.45

(Shutterstock/photo.ua)

19 Chicago — Fulton Market District: $35.00

(Pixabay)

18 Miami — Coconut Grove: $35.00

(Averette)

17 Hong Kong — Cyberport, Pokfulam: $36.90

(Flickr /Loïc Lagarde)

16 Toronto — King & Spadina: $39.90

(Shutterstock)

15 Berlin — Potzdamer Platz: $40.70

(Shutterstock)

14 Singapore — One North: $41.45

(Jirka/Matousek Flickr)

13 Dubai — Dubai Media City: $43.55

(Shutterstock /shutterlk)

12 Seattle — South Lake Union: $44.00

(Flickr /Maëlick)

11 Austin — The Domain: $44.50

(Shutterstock)

10 Washington D.C — NoMa (North of Massachusetts Avenue): $51.25

(Shutterstock)

9 Beijing — Zhongguancun: $55.00

(Shutterstock/ ESB Professional)

8 New York City — Brooklyn: $56.05

(Shutterstock)

7 Los Angeles — Playa Vista: $62.00

(Andrew Zarivny /Shutterstock)

6 Boston — Seaport District: $72.00

(Shutterstock/ Marcio Jose Bastos Silva)

5 Paris — 1st, 2nd and 9th Districts: $74.00

(Shutterstock /S.Borisov)

4 Bangkok — CBD (Rama 1, Sathorn, Sukhumvit Soi 21): $74.25

(Shutterstock/Nook Thitipat)

3 Dublin — Docklands: $76.30

(Bartkowski/Shutterstock)

2 San Francisco — Mid-Market: $77.00

(heyengel /Shutterstock)

1 London — Shoreditch: $90.75

(Dr. Neil Clifton)

[Business Insider]


Related Articles

arrow_forward_ios
From left: Brandon Shorenstein of Shorenstein Realty, Steven Roth of Vornado, John Westerfield of Mitsui Fudosan America, and Stephen Ross of Related (Getty, iStock)

TRD Insights: These office landlords are most exposed to Big Tech’s #WFH movement

TRD Insights: These office landlords are most exposed to Big Tech’s #WFH movement
From left: 151 West 42nd Street, 655 Third Avenue and 1221 6th Avenue (Google Maps, Durst Organization)

TRD Insights: Manhattan office leasing inches up

TRD Insights: Manhattan office leasing inches up
IBM CEO Arvind Krishnam and 88 University Place (Google  Maps, IBM)

IBM to leave WeWork’s 88 University Place

IBM to leave WeWork’s 88 University Place
“We’re not in the business of land-grabbing:” Hana CEO on the future of flex space

“We’re not in the business of land-grabbing:” Hana CEO on the future of flex space

“We’re not in the business of land-grabbing:” Hana CEO on the future of flex space
Facebook CEO Mark Zuckerberg (Getty)

“Large pools of talent”: Mark Zuckerberg touts remote-work plan

“Large pools of talent”: Mark Zuckerberg touts remote-work plan
The Durst Organization president Jonathan Durst and 655 Third Avenue (Google Maps)

Mitsubishi International renews big lease at Durst’s 655 Third Avenue

Mitsubishi International renews big lease at Durst’s 655 Third Avenue
From left: SL Green CEO Marc Holliday, Land & Buildings Investment Management founder Jonathan Litt and Vornado chairman Steven Roth (Unsplash; Land & Buildings Investment Management; Getty)

Activist investor Jonathan Litt is shorting big NYC office landlords

Activist investor Jonathan Litt is shorting big NYC office landlords
An illustration of Vornado's Steven Roth and Facebook's Mark Zuckerberg

Revenge of the hoodies: Big Tech may be breaking up with Big Office for good

Revenge of the hoodies: Big Tech may be breaking up with Big Office for good
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...