GO
Loading...

» more from Asia-Pacific News

1. Hong Kong

Companies Present: 68.2 percent
Office Rental Cost: $2,297 per sq. meter

Hong Kong is the world's most popular city for international businesses, reflecting a shift in economic power to Asia in recent years.

Hong Kong holds a unique position because of its location and lack of foreign ownership restrictions, which allow companies to operate globally and still have access to a highly skilled and low-cost workforce. Cities such as Hong Kong and Singapore are seen as key business hubs, with access to the anticipated growth in surrounding emerging markets. Leading financial multinationals headquartered in Hong Kong include Morgan Stanley, Deutsche Bank, and Credit Suisse.

Annual rents for office space jumped 51 percent in 2010 from the year before, and high demand and limited supply is expected to push up rents by a further 15 to 20 percent this year.

Photo: China Tourism Press | Getty Images