West End ‘priciest for businesses’, study says

06:30 25 January 2013

The West End is apparently the most expensive place for businesses. Picture: Stefan Rousseau/PA

The West End is apparently the most expensive place for businesses. Picture: Stefan Rousseau/PA

The West End has overtaken Hong Kong to become the most expensive business district in the world, according to a new study by property consultants.

DTZ said it cost around £15,000 a year to provide a work station for an employee in the area, more than three times the global average.

The study of 126 business districts in 49 countries included rents, property tax and maintenance costs.

Costs fell by almost 11 per cent in the United States last year, driven by a reduction in the amount of space allocated to workers.

Richard Howard of DTZ, said: “These figures are a tangible reflection of the fact that London is a highly attractive place to locate a business.

“It should be observed, however, that the West End alone has many different characteristics and price points, and there are areas of the West End that can be occupied at a marked discount to prime Mayfair rents.”

Latest Stories from SNAP.PA

The Roar singer is known for her off-the-wall fashion sense.

Read more

The Argentina star is set to go the way of Olly Murs.

Read more

500 clowns embarked upon Mexico City with the hope that their laughter would be infectious.

Read more

Promotions

AGA Living Subscription

Every issue of AGA Living magazine is packed full of celebrity AGA owner interviews, interior and design features, ideas to inspire your culinary imagination, mouth-watering recipes and inspirational shopping ideas.

Dojo gives you hand picked recommendations for events, places and activities in London

Tired of always hearing about some amazing event in London after its gone, missing out on the best activities? That’s where Dojo comes in.

The family to which Ebola belongs could be as old as 23 million years.

The gaming industry’s answer to the Oscars has dished out its annual awards.

Potential female candidates are already being prepared for the upcoming diocese vacancies in Southwell, Nottingham, Gloucester and Oxford.

Watch the moment the Shadow Chancellor got interrupted by a daring arachnid.

TOP Stories

Yesterday, 17:48
The man stole the bus from south-east London (Photo by Dan Kitwood/Getty Images)

A double decker bus was stolen and taken for a rather long drive in south-east London, through picturesque villages, before being dumped in a bus stop - with £500 worth of damage.

Yesterday, 14:24
The 91-year-old gave the cyclist a wallop

After Baroness Sharples bragged about walloping a cyclist, London24’s cycling blogger AViewOfLondon has this to say...

Yesterday, 14:03
Police are keen to talk to this man who was seen leaving the building at around the time of the assault [Photograph from Metropolitan Police]

Police are hunting a pervert who pretended he was a plumber before sexually assaulting a schoolgirl in a Bethnal Green flat.

London Bloggers

Yesterday, 14:24
The 91-year-old gave the cyclist a wallop

After Baroness Sharples bragged about walloping a cyclist, London24’s cycling blogger AViewOfLondon has this to say...

Wednesday, September 17, 2014
The cast, including Josie Lawrence and Mike Myers

Simon Collins catches up with the improv impresarios, who despite being the world’s longest-running comedy show with the same cast, have lost none of the razor-sharp wit:

Monday, September 1, 2014
Do you really need an explanation for that?! (Pic by Serena Marinelli)

If you’ve ever seen an Italian movie, you would probably know how important body language is in the culture.