Hong Kong is most expensive office market: chart

(BLOOMBERG)HongKongisn’tjusttheworld’smostunaffordablehousingmarket;itcanalsoclaimbraggingrightsasthecostliestcityintheworldtorentanoffice,accordingtoJonesLangLaSalleInc.’sfirstPremiumOfficeRentTracker.Thecity’srecordleasesareafunctionoflowvacancyandhighdemandforgrade-A1buildingsintheCentralbusinessdistrict,accordingtoAlexBarnes,headofHongKongmarketsattherealestate-servicesfirm.WithsustaineddemandfrommainlandChinesecompanies,JonesLangLaSalleexpectsrentsforthehighest-qualityofficesinCentralwillgrow5percentto10percentthisyear.