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)