New information unveiled reveal that the West End in London has overtaken Tokyo to be the most expensive area on the planet to lease office space.

A study looked into the business property marketplaces and office rental costs in 105 intercontinental markets and located that the expense of leasing West End London office space reached £85 per square ft towards the end of 2010, which is a 31% raise on prices from the beginning of the year. Since end of 2010, rents in the West End have continued to improve and also have now arrived at £90 per square ft.

2nd place Tokyo had overtaken the West End in 2009 following the fall of Lehman Brothers, however the weak commercial overlook for Japan has ended in greater vacancy rents and rents dropping. City of London office rental seemed to be in the top 10 priciest placeson the planet, considering the list completed by Hong Kong, Moscow, Paris, Singapore, Sydney, Mumbai and Lagos.

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