Photo by Pedro Lastra on Unsplash

Choosing an office space for your small business can be a dilemma. The choice should be able to accommodate a lean staff as well as handle larger personnel as the business grows.

“While you might not be looking for the most expensive space as a small business owner in these cities, proximity to these locations offer great opportunities for growth. By providing services to the companies which reside there, a small business can find a niche and grow.”

The Top 10 Most Expensive Offices

When it comes to expensive office spaces, these ten cities sit at the top. Deciding if the prices are worth it is up to each individual entrepreneur.

To start, tiny Hong Kong has the most expensive office space priced at $181 per square foot with businesses fighting for space in Asia’s financial hub.

China’s capital, Beijing, comes in second where the cost per sq. ft is $171. Two more cities in the world’s second-largest economy are also on the list with Shenzhen (5th) and Shanghai (8th) costing $155 and $116.50 per sq ft respectively.

Three U.S. cities were named to the list as well. The cost in New York (3rd) is $167 per sq. ft. while it is $158 in Silicon Valley (4th) and $118 in San Francisco (9th).

Rounding up the top spots are London (6th) at $150 (6th), Tokyo (7th) at $133 and Singapore (10th) $108 per sq. ft.

Small Business Office Space

Businesses hold offices in these key cities because business volume can more than compensate for the costs.

If you’re a small business owner, you can find your niche outside of these key cities but in some instances paying more for location is necessary.

To view the top 50 list on the GraphicSprings’ interactive infographic.



Deciding where your office sits can

The Top 10 Most Expensive Offices

Tiny Hong Kong has the most expensive office space priced at $181 per square foot. Businesses fight for space in Asia’s financial hub.

China’s capital, Beijing, comes in second place where the cost is $171 per sq. ft. Two more cities in the world’s second-largest economy are on the list. The cost in Shenzhen (5th) and Shanghai (8th) is $155 and $116.50 respectively.

Three U.S. cities are named. The cost in New York (3rd) is $167 per sq. ft. while it is $158 in Silicon Valley (4th) and $118 in San Francisco (9th).

Rounding up the spots are London (6th) at $150 (6th), Tokyo (7th) at $133 and Singapore (10th) $108 per sq. ft.

Small Business Office Space

Businesses hold offices in the key cities because business volume can more than compensate for the costs.

If you’re a small business owner, you can find your niche outside of the key cities. What is important is that you bring customer satisfaction wherever you may be. 

You can view the top 50 list on the GraphicSprings’ interactive infographic.