Occupier costs fall globally, but West End tops the list of growth
Research by DTZ in the form of the annual ‘Global Office Thermometer’ has shown that occupiers globally are feeling the effects of an overall lowering in office costs. There has been an average fall in costs per workstation worldwide, by 4.4% in 2014. The fastest decline measured almost twice that in South Asia, with a reduction in costs of 8.3%, reflecting a slowdown in economic growth in the region and depreciation of local currencies against the US dollar.