Office costs still lower

JAKARTA (JP): Jakarta's office rents, costing US$23 a square meter a month, are lower than those in cities in the region's similar developing countries, like Manila, Bangkok and Kuala Lumpur, a survey said.

The survey on office occupancy rates in 48 countries by Edmund Tie & Company, CY Leung & Company, DTZ Debenham and CB Commercial revealed that six Asian cities' occupancy rates were among the top ten most expensive in the world.

Tokyo topped the list with $136 a square meter a month, followed by Hong Kong ($105) and Singapore ($73). Beijing and Shanghai were ranked sixth and seventh, and Taipei came ninth. (04)