Top 50 most expensive office spaces in the world – CBRE

According to CB Richard Ellis Group, Inc. (CBRE) Research’s semi-annual Global Market Rents survey cities came in the Top 10 most expensive cities in the world. 

London’s West End is once again the world’s most expensive office market, while rapidly-rising Moscow climbed to second place, according to CB Richard Ellis Group, Inc. (CBRE) Research’s semi-annual Global Market Rents survey. The report tracks world markets with the highest as well as fastest-growing occupancy costs for the 12 months ended March 31, 2008. Tokyo’s Inner Central Five Wards, Mumbai’s Nariman Point and Tokyo’s Outer Central Five Wards rounded out the top five most expensive markets.

“Office occupancy costs are continuing to defy sluggish economic conditions and the credit crunch, as they rise faster than global inflation,” said Dr. Raymond Torto, CBRE’s Global Chief Economist. “These cost increases are dominated by emerging markets, caused by both supply and demand imbalance and the depreciation of the dollar relative to local currencies. In some of these emerging markets, Class A office space is seriously lacking.”

Ho Chi Minh City had the fastest-growing occupancy costs during this period, up 94%. Moscow was not far behind at 93%, followed by Singapore at 86%. Overall, EMEA (Europe, Middle East and Africa) dominated the list of markets with the fastest growing occupancy costs, accounting for five of the top 10 and 19 of the top 50 markets. Worldwide, 88% of the 173 office markets monitored posted higher occupancy costs.

Among the most expensive markets, Singapore and Dubai were newcomers to the top 10. Singapore ranked ninth with an occupancy cost of $139.31 (occupancy cost in US$/sq. ft./annum used throughout this release), while Dubai debuted at number 10 with an occupancy cost of $128.49. With a near-doubling of occupancy costs, Moscow rose four places to second at $232.37. Midtown Manhattan was still the priciest market in North America, at $103.43, and ranked number 13 worldwide.

The Top 10 most expensive cities are
1. London (West End), England
2. Moscow, Russia
3. Tokyo (Inner Central), Japan
4. Mumbai, India
5. Tokyo (Outer Central), Japan
6. London (City), England
7. New Delhi, India
8. Paris, France
9. Singapore
10. Dubai, United Arab Emirate

read more @ the SOURCE: CB Richard Ellis – CBRE Research

Foreign exchange -Taranaki Daily News

French landscape architect student Kevin Clare wanted to do his work experience in New York, instead he ended up at Pukeiti.

Landscape architecture student Kevin Clare, 22, has just completed his work experience at Pukeiti. Mr Clare is in his second year of a five-year degree at Ecole Nationale Superieure de la Nature et du Paysage (higher national school of nature and landscape) in Blois, France. Internships are required for the degree.

Read more about Kevin Clare experience in NZ @ the SOURCE: Taranaki Daily News Foreign exchange

Plan to Remake Tysons Corner Envisions Dense Urban Center – washingtonpost.com

The transformation of Tysons Corner from a car-dominated tangle of offices, malls and auto dealers into a livable city will start moving ahead in the coming weeks.

Fairfax County leaders and landowners are unveiling sweeping proposals to build densely packed high-rises, miles of new streets, and enough parks, schools, police stations and firehouses to serve an entirely new place.

The results could determine the future not only of Virginia’s mightiest jobs hub, but also what happens across the country. Urban-renewal leaders are looking to Tysons as a model.

read more @ the SOURCE: washingtonpost.comPlan to Remake Tysons Corner Envisions Dense Urban Center

Student Landscape Institute Council summer trip going to IFLA 2008

This year’s Student Landscape Institute Council summer trip will be to Amsterdam and IFLA 2008.

The trip will run from Saturday 28 June to Saturday 5th July.

“The theme for IFLA this year is Transforming with Water, and as well as the IFLA events themselves we will be visiting central Amsterdam, Westergasfabriek Park and Borneo Sporenburg in Amsterdam’s Eastern Docklands,” says Ian Lanchbury, SLIC chair.

“People who cant make all the days but want to attend just part of it are more than welcome.”

If you wish to take part, contact Ian Lanchbury by Friday 13 June. After this date, SLIC will be reserving accommodation, and making travel and meeting arrangements will be made.

“SLIC won’t be making advanced payments for trip attendees, so if you wish to attend, we will provide all the details of where and when to book, to allow you to easily do so yourself – A 3-Day student ticket to IFLA 2008 costs 150 euros. Someone from SLIC will be at the Hostel to meet you on arrival.”

If you are interested in attending or have any questions, please e-mail ianlanchbury@hotmail.co.uk

SOURCE: Landscape Institute – UK

ADB Provides $11.3M Grant to Help Tonga Improve Urban Infrastructure – Solomon Islands News

The Asian Development Bank (ADB) has approved an $11.3 million grant to improve urban infrastructure in Nuku’alofa, the capital of Tonga, as urbanization and population growth fuel demand for better infrastructure.

The Integrated Urban Development Sector Project will facilitate fully integrated and coordinated urban planning in Tonga, particularly for Nuku’alofa, which accounts for 34% of the national population and is home to 75% of those living in urban areas.

SOURCE:  Solomon Islands NewsADB Provides $11.3M Grant to Help Tonga Improve Urban Infrastructure 

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