Exact(3)
New tenants at Humber Quays, prime offices on the waterfront, include two banks RBS and Barclays accountants PWC, and a law firm.
Sabina Kalyan of CBRE Global Investors says that prime offices (those in the best locations) in Madrid are now changing hands at 4.5%, compared with around 8% at the bottom of the market.
But then Paris has always been cheaper than London for prime offices".
Similar(55)
Prices are substantially lower than in Midtown and other prime office neighborhoods.
The average rent for prime office space in Midtown today is about $61 a square foot.
Mr. Langevin will receive a prime office with easy access to the Capitol.
Prime office rents in big cities are vertiginous; Rio's are the highest in the Americas, north or south.
Critics, however, bemoaned the cost of the towers and the foolishness of installing government employees in prime office space.
The brightest prospects are in industrial properties in Asia, prime office locations in northern Europe and apartment blocks in large, coastal American cities.
"The debt they piled on top of the equity was startling," said Douglas Durst, whose family owns 10 prime office buildings in Manhattan.
In London, at least, the price of prime office space is edging up, mostly because potential sellers are waiting for it to rise further.
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