Mumbai is the third most expensive city in the Asia-Pacific region in terms of occupancy costs. Tokyo tops the list, and Hong Kong ranks second. Globally, Mumbai is the eighth most expensive city.
The ranking is based on the latest CB Richard Ellis survey on global market rents in 2002. London continues at the number one slot, followed by Tokyo and Paris.
The survey on global market rents tracks the occupancy costs of prime office space worldwide, and ranks them according to the per-square-feet cost of prime space.
In London, the world