New Delhi's Connaught Place (CP) 6th costliest office location in World

Highlights: 

• According to CBRE's survey report, BKC and Nariman Point are among the top 50 costliest office spaces globally.
• At nearly $160 per sq ft per annum, Delhi's Central Business District (CBD) of Connaught Place bagged the sixth slot.
• BKC, which is the city's alternative business district, retained its 16th rank, while Nariman Point is ranked 32nd on the top 50 list.

• London's West End remained the world's highest-priced office market, but Asia continued to dominate the world's most expensive office locations, accounting for three of the top five markets.
• London West End's overall prime occupancy costs of $274 per sq ft per year topped the "most expensive" list. Hong Kong Central followed with total prime occupancy costs of $251 per sq ft, Beijing's Finance Street ($198 per sq ft), Beijing's CBD ($189 per sq ft) and Moscow ($165 per sq ft) rounded out the top five.
• Annual office occupancy costs in Gurgaon remained stable, while that of Nariman Point dropped by about 2% and BKC by about 6%. 
• Bangalore's CBD, which saw a nearly 9% drop, was among the top five global prime office markets to witness a decrease in yearly occupancy costs.
• Global prime office occupancy costs rose 2.5% year-over-year, led by the Americas (up 4.1%) and Asia Pacific (up 2.8%).