Most expensive skyscrapers in the world: Hong Kong, Tokyo, New York, San Francisco and London have the most valuable buildings

 
Shruti Tripathi Chopra
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General Views Of The London Skyline
London has the fifth most expensive skyscrapers in the world (Source: Getty)

London skyscrapers are the most expensive in Europe with their capital values exceeding $2,400 (£1,850) per square foot (sq ft), according to new research by Knight Frank

However, skyscrapers in Hong Kong are the costliest commercial real estate assets in the world with values per sq ft worth $8,000. Other cities that boast the most valuable skyscrapers include Manhattan, where tall buildings have an estimated value of $3,700 per sq ft and San Francisco ($2,500).

Other cities that boast the most valuable skyscrapers include Manhattan, where tall buildings have an estimated value of $3,700 per sq ft, San Francisco ($2,500) and Sydney ($2,000).

Andrew Sim, head of global capital markets, Knight Frank, said: “Pricing is highest in Hong Kong which reflects the world’s highest skyscraper rents, and the lack of available land for future development. Similarly, pricing in major financial centres such as Shanghai, Singapore, Manhattan and London is supported by the high level of demand for space in these buildings from financial services businesses, in particular.

“However, pricing for tall buildings in Sydney, Melbourne and Taipei is likely to move more rapidly in the next two years, and we expect to see investors in search of trophy assets looking beyond the major financial centres.”

Read more: Seven insane skyscrapers that could be the answer to the world’s problems

Check out the most expensive skyscrapers in the world by capital value:

City

Value per sq ft (US $)

Hong Kong

8,000

Tokyo

4,900

New York

3,700

San Francisco

2,500

London (City)

2,450

Sydney

2,000

Singapore

1,900

Boston

1,700

Taipei

1,600

Frankfurt

1,400

Shanghai

1,250

Paris

1,200

Melbourne

1,100

Chicago

1,050

Toronto

1,050

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