Tokyo's Outer Central region stands at the fifth position with rentals hovering at $175.35.
Asia Pacific had 11 markets in list of 50 fastest growing places in terms of occupancy costs with Singapore seeing a growth of 86 per cent and Mumbai at 41 per cent. Perth, Australia, joined the top 50 most expensive, coming in at number 41.
Image: Visitors stroll along the inner court of the new development of office buildings and a shopping mall area "Tokyo Midtown", built at the former Defence Agency headquarters in Tokyo.
| Photograph: Yoshikazu Tsuno/AFP/Getty Images
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