Hyderabad Second Most Affordable Office Market in World

Bangalore: Indian cities are on the list of world’s most affordable office markets, according to a report published by DTZ, a property consultant. Indian cities like Hyderabad, Chennai and Pune are on this most affordable list and Hyderabad stood at second position on the list.

"Tier II cities in China and India continue to dominate the list of top 10 most affordable markets globally," DTZ said in its report.

The report mainly highlighted the occupancy costs for prime office space across 126 markets globally.

"The most affordable office market remains Surabaya ($ 1,610 per workstation per annum), followed by Hyderabad and Chongqing," the report said.

Indian cities like Pune and Chennai stood at fifth and sixth positions, respectively. But, London’s West End has come up as the least affordable office market worldwide, according to DTZ.

"At $ 23500, London West End has regained its position as the world's most expensive office location in 2012, overtaking Hong Kong which was the least affordable market in last year's report." the report said.

(With PTI inputs)

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