Photo by Discover Hong Kong

HONG KONG, CHINA–Globally, the average annual cost per workstation rose by 1.5% over the last 12 months — an increase driven in part by the Americas, which saw a 4.2% uptick in costs. But the most expensive office market in the world can be found in Hong Kong, according to Cushman & Wakefield’s annual Office Space Across the World report. The city has replaced London’s West End as the highest-cost office market in which to accommodate staff, the report said.