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Office Building Expense Highest in Tokyo, Osaka, and Sydney among Asian Markets

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Costs in Hyderabad and Hanoi are among the world’s lowest in a new Whitestone Publication.
SANTA BARBARA, Calif. /PRNewswire/ — What does it cost to run the same building in 168 cities around the world? In its annual study, Whitestone ranked building expenses (not including rent) for the world’s major office building markets. Highest costs for a typical office building are $22.61 USD per square foot in Zurich, while lowest costs are $2.54 in Minsk.
Most Expensive

Rank City Total
1 Zurich, Switzerland $22.61
2 Geneva, Switzerland $22.05
3 Tokyo, Japan $18.99
4 Honolulu, United States $18.01
5 Osaka, Japan $17.71
6 Vienna, Austria $16.64
7 Sydney, Australia $16.55
8 Fukuoka, Japan $15.77
9 New York, United States $15.73
10 Copenhagen, Denmark $15.33

Least Expensive

Rank City Total
159 Bangalore, India $3.50
160 Buenos Aires, Argentina $3.38
161 Kiev, Ukraine $3.18
162 Ho Chi Minh City, Vietnam $3.16
163 Hanoi, Vietnam $3.13
164 Chennai, India $2.88
165 Kolkata, India $2.81
166 Hyderabad, India $2.81
167 Kabul, Afghanistan $2.57
168 Minsk, Belarus $2.54
Reported costs for a model 2 Story Office building. All costs are reported in $USD using May 30, 2012 exchange rates.
The complete list of costs for global cities is presented in the Whitestone Facility Operating Cost Reference 2012-2013, International Version. Updated annually, the Reference is a unique source of cost data for 74 building types and 11 types of expenses, including custodial services, energy, grounds, maintenance and repair, management, pest control, refuse, road clearance, telecommunications, and water and sewer.
About Whitestone
Whitestone Research, with offices in Washington, DC and Santa Barbara, California, specializes in applied policy research and software development. Whitestone products and services are used every year by thousands of major corporations, government agencies, and public and private institutions. Other Whitestone products include the annual Whitestone Cost Reference books, CostLab online cost tool, and the MARS Cost Forecast System.
Doug Abate

Source: Whitestone Research

Written by asiafreshnews

October 24, 2012 at 3:37 pm

Posted in Uncategorized

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