Debenham Tie Leung (DTZ) recently released a report based on an extensive survey that shows Bangkok as the fifth cheapest office space in the world. The report – DTZ’s eleventh annual ‘Global Office Occupancy Costs Survey 2008’ ranks Bangkok at 133rd in terms of costs per office workstation, with a cost of $2,840 per annum.
DTZ is a global real estate advisor who works to create leading edge property, investment and business solutions worldwide.
The survey puts Surayaba in Indonesia at the bottom of the chart with a cost of $1,550 p.a. Next is Manila at $1,670, Jakarta at $2,170, Tianjin at $2,830, follwed by Bangkok in fifth place.
The survey confirms Richard Ellis’ assessment that London is still the most expensive office market in the world, even discounting the West End. The DTZ report assesses London’s cost per workstation per annum at $27,540. Paris is second at $20,690, Central Tokyo at $18,430.