Asia Has Priciest Office Markets, But US Cities See Spike

Law360, New York (June 21, 2013, 4:30 PM EDT) -- Although Asian cities continue to dominate as the most expensive office markets across the globe, three U.S. markets saw the world's biggest prime office rent cost increases over the last year, according to a report released Friday by CBRE Inc.

Driven by growth in the technology industries and a tight inventory, two Houston markets and downtown Boston saw double-digit growth in occupancy costs that were only topped by growth in Jakarta, Indonesia, according to the report. While U.S. markets still lag in commanding the top rent...
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