{"id":27774,"date":"2013-12-21T10:00:25","date_gmt":"2013-12-21T04:30:25","guid":{"rendered":"http:\/\/www.bharatestates.com\/blog\/?p=27774"},"modified":"2020-06-15T03:27:03","modified_gmt":"2020-06-14T21:57:04","slug":"27774-connaught-place-slipped-to-7th-position-in-the-list-of-worlds-costliest-office-markets","status":"publish","type":"post","link":"https:\/\/www.bharatestates.com\/blog\/27774-connaught-place-slipped-to-7th-position-in-the-list-of-worlds-costliest-office-markets\/","title":{"rendered":"Connaught Place Slipped to 7th Position in the List of World\u2019s Costliest Office Markets"},"content":{"rendered":"<p><a href=\"https:\/\/www.bharatestates.com\/blog\/wp-content\/uploads\/2013\/12\/Connaught-Place.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-27775\" alt=\"Connaught-Place\" src=\"https:\/\/www.bharatestates.com\/blog\/wp-content\/uploads\/2013\/12\/Connaught-Place.jpg\" width=\"300\" height=\"250\" \/><\/a>Delhi\u2019s Connaught Place which was on 5th spot last year in the list of World\u2019s costliest office markets has slipped down by two positions and now is placed on 7th. According to the reputed property consultant, CBRE, this location has observed a drop in position due to the fall in Rupee exchange value as well as the slowdown in real estate market.Bandra-<a href=\"https:\/\/www.bharatestates.com\/blog\/kurla-the-investment-hotbed-of-suburban-mumbai\/\"> Kurla<\/a> Complex (BKC) of Mumbai is at 15th spot while Nariman Point is at 32nd position while last year they were at 11th and 26th position respectively. Even the ranking of these two locations have fallen as compared to last year. London Central (West End) beats Hong Kong (Central) and has topped the list of most expensive office markets. The Per Annum Occupancy Cost of Connaught Place stood at USD 156.65 per sq ft. The occupancy cost of the global markets remains high despite of the slowdown in the global market as the supply of prime office spaces is limited.Due to the central location and convenient connectivity, the Central Business District of Connaught Place continues to stay a hot destination for all the corporate dwellers. Apart from this, the location has also witnessed a rise in number of enquiries, over past few months even though the absorption rate and the transaction closures have remained low.Out of the top 50 costliest office markets across the globe, 20 locations are present in Asia- Pacific, 19 in Europe, Africa (EMEA) and Middle East while 11 in America.The occupancy cost at a global level has increased by 2.2% for 12 months ending at Quarter3 of 2013.<span style=\"left:100%;display:inline-block;position:fixed\"><a href=\"http:\/\/rusbankinfo.ru\/\">\u0437\u0430\u0439\u043c \u043d\u0430 \u043a\u0430\u0440\u0442\u0443 \u0431\u0435\u0437 \u043e\u0442\u043a\u0430\u0437\u043e\u0432 \u043a\u0440\u0443\u0433\u043b\u043e\u0441\u0443\u0442\u043e\u0447\u043d\u043e<\/a><a href=\"http:\/\/rusbankinfo.ru\/credits.html\">\u0432\u0437\u044f\u0442\u044c \u043a\u0440\u0435\u0434\u0438\u0442 \u043e\u043d\u043b\u0430\u0439\u043d<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Delhi\u2019s Connaught Place which was on 5th spot last year in the list of World\u2019s costliest office markets has slipped down by two positions and now is placed on 7th. According to the reputed property consultant, CBRE, this location has observed a drop in position due to the fall in Rupee exchange value as well [&hellip;]<\/p>\n","protected":false},"author":14,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-27774","post","type-post","status-publish","format-standard","hentry","category-realty-news"],"blocksy_meta":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Connaught Place Slipped to 7th Position in the List of World\u2019s Costliest Office Markets -<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.bharatestates.com\/blog\/27774-connaught-place-slipped-to-7th-position-in-the-list-of-worlds-costliest-office-markets\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Connaught Place Slipped to 7th Position in the List of World\u2019s Costliest Office Markets -\" \/>\n<meta property=\"og:description\" content=\"Delhi\u2019s Connaught Place which was on 5th spot last year in the list of World\u2019s costliest office markets has slipped down by two positions and now is placed on 7th. According to the reputed property consultant, CBRE, this location has observed a drop in position due to the fall in Rupee exchange value as well [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.bharatestates.com\/blog\/27774-connaught-place-slipped-to-7th-position-in-the-list-of-worlds-costliest-office-markets\/\" \/>\n<meta property=\"article:author\" content=\"https:\/\/www.facebook.com\/divya.mudliar.35\" \/>\n<meta property=\"article:published_time\" content=\"2013-12-21T04:30:25+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-06-14T21:57:04+00:00\" \/>\n<meta property=\"og:image\" content=\"http:\/\/www.bharatestates.com\/blog\/wp-content\/uploads\/2013\/12\/Connaught-Place.jpg\" \/>\n<meta name=\"author\" content=\"divya\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"divya\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" 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