The 29 most expensive tech districts in the world

And, no, San Francisco is no longer number one

New York Weekend Edition /
Sep.September 30, 2017 03:50 PM

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

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

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

9 Beijing — Zhongguancun: $55.00

8 New York City — Brooklyn: $56.05

7 Los Angeles — Playa Vista: $62.00

6 Boston — Seaport District: $72.00

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

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

3 Dublin — Docklands: $76.30

2 San Francisco — Mid-Market: $77.00

1 London — Shoreditch: $90.75

[Business Insider]


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