Price to rent office buildings

Price to rent office buildings in the world down an average of 4.25 percent in the year 2008, such research Knight Frank, property consultant company that has an international network in 44 countries in the world.

Market research Global Real Estate Market-Annual Review and outlook in 2009, made by Knight Frank covers major cities in Asia Pacific, Europe, Middle East, Africa, and throughout the United States, take a decrease in office rental rates in most of the 102 a city that is monitored.

"This is the case, due perampingan employees in large-scale and less need for space to rent from the company, especially for companies that romp in the fields of finance," said Hidayat Fakky Ismail, Head of Research and Consultancy Division of Knight Frank India, on Tuesday (19 / 5) in Jakarta.

Office market in some European countries is estimated to continue decreasing the price to rent and sale in 2009, including London and Moscow, the city's 2 largest decrease in the year 2008.

For behind the conditions in the regional market in the Americas, Europe, and Africa, where the price came down bertendensi rent, office markets in the Asia Pacific region still show positive growth during the year 2008.

Except a few countries that have a high dependency of the global financial system, such as Singapore and Hong Kong, which has decreased the price to rent and sell up to 40 percent, compared with February 2008.